Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Private markets drive strong returns; pension fund posts double‑digit year-to-date gains
Summary
Consultants told the board the pension fund returned about 10–11% year to date, private equity distributions lifted private-market multiples, and private debt and real assets are maturing; private markets remain a focus in pacing and manager monitoring.
Investment consultants briefed the board Thursday on second-quarter private- and total-portfolio performance and said returns through the latest available quarter were strong. The pension plan’s total-fund returns were described by consultants as roughly 10% for the trailing 1‑year period and about 6% for the quarter ending June 30; the health care trust returned 11.1% over the trailing year. Private equity distributions since Q1 returned more than $10 million to the program and lifted…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
