Capital Allocators

NAIC has engaged with over 80 capital allocators via the NAIC Institutional Roadshows and its regular course of business. These capital allocators manage over $2.5 trillion collectively. Additionally, NAIC has engaged with eight investment advisors with close to $7 trillion under advisement in the aggregate.

Assets Under Management:

$8.8

billion

Total Commitments:

1

Advocate Aurora Health (Advocate Aurora) is an independent non-profit foundation based in Downers Grove, Illinois. Established in 2018, Advocate Aurora is engaged in clinical trials and research studies and is recognized in the fields of cardiology, neurosciences, oncology and pediatrics. Advocate Health Care and Aurora Health Care merge to create Advocate Aurora Health. The assets of the foundation are managed by the board of directors.
Contact Information
Laura Hammer Hill
Director, Alternative Investments
Total Commitments:

9

Altius Associates was an investment advisory firm based in London, United Kingdom. Established in 1998, the firm was a global private equity advisory firm and separate accounts manager. It provided advisory services including both discretionary and non-discretionary mandates for institutional clients, as well as private equity funds of funds vehicles. The firm executed primary, secondary and direct co-investment opportunities in private equity, real assets and private credit sectors. The investment funds of the firm were managed by the investment team. Altius Associates and LP Capital Advisors (LPCA) has merged to form Pavilion Alternatives Group. This firm is no longer in operation and is not actively tracked by PitchBook.
Contact Information

Address

6641 West Broad Street
Richmond, Virginia
William Thomas Charlton
Partner

American Trading and Production

Total Commitments:

4

American Trading and Production (Atapco) is a corporation based in Baltimore, Maryland. The firm is an explorer, producer and marketer of oil and gas. The firm was formed to consolidate, expand and diversify the business activities of the Blaustein family who are the founders of the American Oil Company (AMOCO). ATAPCO entered the real estate business in the early 1960 with Atapco Properties and has a family office under the name Blaustein Philanthropic Group. The assets of the firm are managed by the board of directors.
Contact Information

Address

One South Street
Baltimore, Maryland
Scott L. Soffen
Vice President & Senior Investment Officer
Open to First-Time Funds?

No

Assets Under Management:

$2.6

billion

Total Commitments:

67

Baltimore Fire & Police Retirement System (BCFPERS) is a contributory, defined benefit public pension fund based in Baltimore, Maryland. Established in 1962, the plan provides retirement, disability and death benefits for all sworn uniformed officers of the Baltimore City Fire and Police Departments. The assets of the fund are managed and administered by the board of trustees. The board is further assisted by a four-member investment committee.
Contact Information

Address

7 East Redwood Street
Baltimore, Maryland
Henry J. Raymond
Chief Financial Officer, City of Baltimore
Open to First-Time Funds?

No

Assets Under Management:

$381.5

billion

California Public Employees’ Retirement System (CalPERS) is a defined-benefit public pension fund based in Sacramento, California. Established in 1932, CalPERS provides retirement benefits for state employees. It manages the retirement and health benefits of public employees, retirees, and their families. The assets of the pension fund are managed by the board members. Further, the board members are assisted by the finance and investment committee for managing the investment assets.
Contact Information

Address

400 Q Street
Sacramento, California 95811
Gregory Ruiz
Managing Investment Director, Private Equity
Open to First-Time Funds?

Yes

Assets Under Management:

$242.1

billion

California State Teachers’ Retirement System (CalSTRS) is a public pension fund based in West Sacramento, California. Established in 1913, the fund provides retirement, disability and survivor benefits for California’s public school educators and their beneficiaries, from pre-kindergarten to community college. The mission of the fund is to secure the financial future and sustaining the trust of California’s educators. The assets are managed by the Retirement Board members.
Contact Information

Address

100 Waterfront Place
West Sacramento, California 95605
Margot Wirth
Director of Private Equity
Open to First-Time Funds?

Yes

Carnegie Mellon University Endowment

Assets Under Management:

$1.8

billion

Total Commitments:

11

Carnegie Mellon University (CMU) manages an endowment fund which is based in Pittsburgh, Pennsylvania. The fund provides a permanent source of income to support the university’s missions. It also provides a stable, predictable, and growing stream of resources for current use in achieving the academic goals of the university, while preserving the purchasing power of the fund for future generations. The investment office evaluates, selects, and monitors current and prospective investments in which to allocate the university’s endowment assets. The investment office is responsible for the overall administration of the endowment fund.
Contact Information

Address

6 PPG Place
Pittsburgh, Pennsylvania
Charles A. Kennedy
Chief Investment Officer and Board Member
Open to First-Time Funds?

Yes

Assets Under Management:

$10.7

billion

Total Commitments:

146

Chicago Teachers’ Pension Fund is a defined benefit public pension fund based in Chicago, Illinois. Established in 1895, the pension fund provides retirement, survivor and disability benefits for certain certified teachers and employees of the Chicago Public Schools. CTPF manages member’s assets and administers entitlements and benefits. CTPF is governed by a 12-member Board of Trustees, six are elected by the teacher contributors, three are elected by the annuitants, one is elected by the principal contributors and two are appointed by the employer, Board of Education.
Contact Information

Address

203 North LaSalle Street
Chicago, Illinois
Andrew Kelsen
Portfolio Manager of Alternative Investments
Open to First-Time Funds?

Yes

Assets Under Management:

$1.7

billion

Total Commitments:

15

City of Baltimore Employees’ Retirement System (ERS) is a defined benefit public pension fund based in Baltimore, Maryland. Established in 1926, the system covers regular and permanent employees who are employed in the general administrative service of the city. The retirement system is governed by the board of directors, who are assisted by an investment committee.
Contact Information

Address

7 East Redwood Street
Baltimore, Maryland
Henry J. Raymond
Finance Director & Chairman of the Board
Assets Under Management:

$34.3

billion

Total Commitments:

170

Connecticut Retirement Plans and Trust Funds is a public pension fund based in Hartford, Connecticut. The CRPTF provides retirement pension and related benefits to the eligible members and public employees. It consists of six State Pension Funds and nine State Trust Funds. The assets are managed by the Investment Advisory Council.
Contact Information

Address

55 Elm Street
Hartford, Connecticut
Laurie Martin
Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$12

billion

Total Commitments:

6

Connecticut State Employees Retirement System is a public pension fund based in Hartford, Connecticut. The fund provides retirement benefits to its members and their eligible beneficiaries. The Connecticut State Employees Retirement Commission administers the fund. The commission consists of six trustees representing employees, six management trustees who are members of the State Employees Retirement System and appointed by the Governor, two actuarial trustees who are enrolled actuaries and fellows of the society of actuaries, one of whom is nominated by the trustees representing employees and one of whom is nominated by the management trustees and are appointed by the Governor and one neutral trustee who is chairman of the State Employees Retirement Commission and is enrolled in the National Academy of Arbitrators who is nominated by the employee and management trustees and appointed by the Governor. The assets of the fund are managed by the board of trustees.
Contact Information

Address

55 Elm Street
Hartford, Connecticut
Denise Lynn Nappier
State Treasurer & Investment Advisory Council Member
Assets Under Management:

$3.6

billion

Dallas Employees’ Retirement Fund (Dallas ERF) is a public pension fund based in Dallas, Texas. Established in 1943, the fund is a defined benefit pension plan sponsored by the City of Dallas that provides retirement, disability and death benefits to its members and their beneficiaries. All employees of the city are members except police officers, fire fighters, elected officers, non-salaried administrative boards or commissions, part-time employees and temporary employees. The assets of the pension fund are managed and governed by the board of trustees./
Contact Information

Address

1920 McKinney Avenue 10th Floor
Dallas, Texas 75201
Cheryl Alston
Executive Director & Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$2

billion

Total Commitments:

38

Detroit General Retirement System (GRSD) is a public pension fund located at Detroit, Michigan. Established in 1938, this consists of defined benefit pension plans and defined contribution plans for the non-uniformed employees of the City of Detroit. The pension fund provides retirement, disability, and survivor benefits to the plan members and their beneficiaries. The investment committee is responsible for the development of the General Retirement System of the City of Detroit’s investment strategies and goals. A board of trustees administers the retirement system.
Contact Information

Address

Ally Detroit Center
Detroit, Michigan
Ryan Bigelow
Chief Investment Officer
Open to First-Time Funds?

No

Assets Under Management:

$3.2

billion

Total Commitments:

47

Detroit Police & Fire Retirement System is a public pension fund based in Detroit, Michigan. The operations of the retirement system are governed by the provisions of any applicable Federal law, the State Constitution, State Statutes, the City Charter, City ordinances, applicable collective bargaining agreements, and continuing board policies, procedures and regulations. The Retirement System invests all available funds in order to maximize both current income and long term appreciation. The primary objective of the System’s investment policy is to assure that the system meets its responsibilities for providing all benefits. The assets of the fund are managed and governed by the Board of Trustees who are assisted by the investments committee.
Contact Information

Address

One Detroit Center
Detroit, Michigan
John Naglick
Ex-Officio Trustee, Finance Director
Open to First-Time Funds?

No

Assets Under Management:

$7.5

billion

Total Commitments:

113

District of Columbia Retirement Board (DCRB) is a public pension fund based in Washington, District of Columbia. Established in 1979, the mission of DCRB is to prudently invest the assets of the police officers, firefighters, and teachers of the District of Columbia while providing those employees with total retirement services. The assets are managed by the board of trustees which consist of twelve members.
Contact Information

Address

900 7th Street North-West
Washington, District of Columbia
Jeffrey Barnette
Chief Investment Officer
Assets Under Management:

$28.5

billion

Total Commitments:

226

Employees Retirement System of Texas (ERS) is a public pension fund based in Austin, Texas. Established in 1947, ERS provides pension, retirement and other benefit programs for state employees, retirees and their dependents. ERST also administers the Texas Employees Group Benefits Program (GBP), TexFlex and Texa saver programs. The fund is managed by the board of trustees and investment advisory committee.
Contact Information

Address

P. O. Box 13207
Austin, Texas
Charles Thomas Tull
Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$28.5

billion

Employees Retirement System of Texas (ERS) is a public pension fund based in Austin, Texas. Established in 1947, ERS provides pension, retirement and other benefit programs for state employees, retirees and their dependents. ERST also administers the Texas Employees Group Benefits Program (GBP), TexFlex and Texa saver programs. The fund is managed by the board of trustees and investment advisory committee.
Contact Information

Address

P. O. Box 13207
Austin, Texas 78711
Charles Tull
Chief Investment Officer
Open to First-Time Funds?

Yes

Exelon Corporation Retirement Program

Assets Under Management:

$10.3

billion

Total Commitments:

100

Exelon Corporation Retirement Program is a single-employer non-contributory defined benefit corporate pension fund based in Chicago, Illinois. The pension plan provides retirement benefits to the employees of Exelon, an American energy producer, trader and distributor. The assets are governed and managed by the executive management team. Northern Trust and BNY Mellon serve as custodians.
Contact Information

Address

10 South Dearborn Street
Chicago, Illinois
Diane Bourgoyne
Manager, Pension Administration
Open to First-Time Funds?

No

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