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Frederick County pension assets reported at $1.26 billion; infrastructure capital calls on schedule
Summary
Marquette Associates reported the plans held $1,260,851,294 as of April 10, 2026; staff said IFM and Brookfield infrastructure capital calls (effective March 1 and April 1) put infrastructure allocations on target and no rebalancing was recommended.
Patrick Wing of Marquette Associates reviewed the plans’ asset value update at the April 14 joint meeting, reporting combined plan assets of $1,260,851,294 as of April 10, 2026. He said U.S. equities, international equities and fixed income were all positive year‑to‑date after a brief March drawdown.
The Committee was informed that recent infrastructure capital calls were fully processed and that infrastructure allocations were back on target: the IFM call was effective March 1, 2026, and the Brookfield call was effective April 1, 2026. Because allocations remained within policy targets, staff did not recommend any rebalancing at this time.
The Chair noted several agenda items—including approval of prior meeting minutes, the HR quarterly report, and Marquette’s Equity Market Valuation and Asset Allocation presentation—would be deferred to the May meeting to allow all members to review materials before final decisions or votes.
Next steps include distributing recordings and presentation materials to absent members and revisiting asset allocation decisions at the May 12, 2026 meeting at Winchester Hall.
