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:

$195.6

billion

Florida State Board of Administration is a public pension fund based in Tallahassee, Florida. Established in 1943, FSBA invests and safeguards assets of the Florida Retirement System Trust Fund and other funds for the state of Florida and local governments. The fund is also responsible for managing the FRS Investment Plan (a defined contribution plan), the Lawton Chiles Endowment Fund, the Local Government Surplus Funds Trust Fund (currently known as Florida PRIME), the Florida Hurricane Catastrophe Fund and smaller funds.
Contact Information

Address

1801 Hermitage Boulevard Suite 100
Tallahassee, Florida 32308
Jimmy Patronis
CFO & Board of Trustee
Open to First-Time Funds?

Yes

Georgetown University Endowment

Assets Under Management:

$1.8

billion

Total Commitments:

6

Georgetown University manages an endowment based in Washington, District of Columbia. The endowment fund provides various facilities and financial support for academic programs, students, faculty, scholarships faculty fellowships, professorships, programs and special projects. The assets are managed by the Investment Office under the fiduciary oversight of a subcommittee of the Board of Directors.
Contact Information

Address

3700 O Streets, North-West
Washington, District of Columbia
Michael K. Barry
Chief Investment Officer
Open to First-Time Funds?

No

Heinz Family Foundation

Assets Under Management:

$128

million

Total Commitments:

12

Heinz Family Foundation (HFF) is an independent non-profit private foundation based in Pittsburgh, Pennsylvania. Established in 1984, the foundation is one of the three affiliated foundations in the circle known as the Heinz Family Philanthropies (HFP). The foundation is committed to promoting the health and nutritional needs of children and families, with priority given to programs in communities where Heinz operates. One of the primary exempt purposes of the foundation is operating the Heinz Awards Program as a living tribute to U.S. Senator H. John Heinz III. It operates as a subsidiary of Heinz Family Philanthropies. The assets of the foundation are managed by the board of directors.
Contact Information

Address

625 Liberty Avenue
Pittsburgh, Pennsylvania
Rose Gibson
Treasurer

Howard University Endowment

Assets Under Management:

$647

million

Total Commitments:

1

Howard University manages an endowment fund based in Washington, District of Columbia. Howard’s endowment includes individual accounts established to fund scholarships, professorships, student loans, general operations, and other purposes. The endowment fund is managed by the university’s endowment office.
Contact Information

Address

2400 6th Street Northwest
Washington, District of Columbia
Frank Bello
AVP and Chief Investment Officer
Assets Under Management:

$42.77

billion

Illinois Municipal Retirement Fund (IMRF) is a public pension fund based in Oak Brook, Illinois. Established in 1939, the plan provides pension and related benefits to the eligible employees of local governments and school districts in Illinois. The assets are managed by the board of trustees, assisted by investment committee.
Contact Information

Address

2211 York Road Suite 400
Oak Brook, Illinois 60523
Dvani Shah
Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$17.4

billion

Total Commitments:

230

Illinois State Board of Investment (ISBI) is a public pension fund based in Chicago, Illinois. Established in 1969, ISBI manages the defined benefit assets of the State Employees’ Retirement System, the General Assembly Retirement System, the Judges’ Retirement System of Illinois, the Illinois Power Agency, as well as the State of Illinois Deferred Compensation Plan. The assets are managed by the Board Members.
Contact Information

Address

180 North LaSalle Street
Chicago, Illinois
Sean Barber
Consultant
Open to First-Time Funds?

Yes

Assets Under Management:

$17.1

billion

Los Angeles City Employees’ Retirement System (LACERS) is a public pension fund based in Los Angeles, California. Established in 1937, the pension fund provides retirement, pension, death, survival and disability benefits to the civilian employees of the City of Los Angeles. LACERS administers the benefits approved by the city which includes pension benefits, administration of retiree health care premiums and management of the pension fund portfolio to offset payment of these obligations. The assets of the pension fund are managed by the board of administration.
Contact Information

Address

202 West First Street Suite 500
Los Angeles, California 90012
Rodney June
Chief Investment Officer & Manager, Investments Division
Open to First-Time Funds?

Yes

Assets Under Management:

$50.6

billion

Los Angeles County Employees Retirement Association is a public pension fund based in Pasadena, California. Established in 1938, the association administers and manages the retirement fund for the county and outside districts. The fund provides retirement, disability and death benefits to eligible county employees, retirees and their beneficiaries. The Board of Retirement (BOR) is responsible for the administration of the retirement system, the retiree healthcare program and the review and processing of disability retirement applications. The Board of Investments is responsible for establishing LACERA’s investment policy and objectives, as well as exercising authority and control over the investment management of the fund.
Contact Information

Address

P.O. Box 7060
Pasadena, California 91109
Jonathan Grabel
Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$20

billion

Total Commitments:

397

Los Angeles Fire and Police Pension System (LAFPP) is a public pension fund based in Los Angeles, California. Established in 1899, the pension fund is focused to advance the health and retirement security of those who serve and protect the people of Los Angeles. The assets are managed by the board of commissioners.
Contact Information

Address

701 East 3rd Street
Los Angeles, California
Thomas Lopez
Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$52.7

billion

Total Commitments:

357

Maryland State Retirement and Pension System is a cost-sharing multi-employer defined benefit public pension fund based in Baltimore, Maryland. Established in 1941, the plan is focused to administer the survivor, death, disability and retirement benefits of the system’s participants. The members of the plan include active and former state employees, teachers, state police, judges, law enforcement officers, correctional officers, and legislators. It comprises of the Teachers’ Retirement and Pension Systems, Employees’ Retirement and Pension Systems, State Police Retirement System, Judges’ Retirement System, and the Law Enforcement Officers’ Pension System. The assets are managed by the Board of Trustees.
Contact Information

Address

120 East Baltimore Street
Baltimore, Maryland
David E. Ferguson
Managing Director
Open to First-Time Funds?

Yes

Assets Under Management:

$3.8

billion

Maryland Teachers & State Employees Supplemental Retirement Plans (MSRP) is a public pension fund based in Baltimore, Maryland. It was established in 1985 by the State of Maryland as an employee benefit available for voluntary participation. The plan consists of the 457 Deferred Compensation Plan, the 403(b) Tax-Deferred Annuity Plan, and the 401(k) Savings and Investment Plan and most employees automatically get the benefit of a 401(a) Match Plan account. The assets of the plan are governed by the State Personnel & Pensions Article of the Maryland Code and are overseen by a nine-member Board of Trustees appointed by the Governor. Nationwide Retirement Solutions is the company hired by the Board of Trustees to administer the plans according to the board’s instructions.
Contact Information

Address

William Donald Schaefer Tower, Suite 200
Baltimore, Maryland
Michael T. Halpin
Executive Director & Secretary to Board of Trustees
Assets Under Management:

$75.2

billion

Total Commitments:

464

Massachusetts Pension Reserves Investment Trust (Mass PRIT) is a public pension fund based in Boston, Massachusetts. Established in 1986, the plan provides retirement, survival, pension, disability and death benefit insurance to eligible participants. Mass PRIT is a pooled investment fund established to invest the assets of the Massachusetts State Teachers’ and Employees’ Retirement Systems, and the assets of county, authority, district and municipal retirement systems that choose to invest in the fund. The Pension Reserves Investment Management Board is in charge of the general supervision of the fund.
Contact Information

Address

84 State Street
Boston, Massachusetts
Michael G. Trotsky
Executive Director and Chief Investment Officer
Open to First-Time Funds?

No

Assets Under Management:

$223

million

Total Commitments:

3

Mercy Health Foundation is an independent non-profit private foundation based in Cincinnati, Ohio. The foundation raises charitable funds for the non-profit programs and facilities of the Mercy Health, including hospitals, senior living facilities, and social services outreach programs. The assets of the foundation are managed and governed by the board of directors.
Contact Information

Address

1701 Mercy Health Place
Cincinnati, Ohio
Jon Labbe
President & Chief Executive Officer
Assets Under Management:

$71.2

billion

Total Commitments:

627

Michigan Department of Treasury is a government agency based in Lansing, Michigan. Established in 1835, the Michigan Department of Treasury is responsible for collecting, disbursing, and investing all state monies. The department advises the Governor on all tax and revenue policy, collects and administers over state taxes and safeguards the credit of the state. The department is also responsible for the fiscal health of Michigan’s local governments and schools. In addition, the treasurer invests on behalf of the state and school employees retirement funds. The firm invests in the public equity, fixed income and alternative investments markets across the globe. The assets of the firm are managed by the executive management team.
Contact Information

Address

P. O. Box 30199
Lansing, Michigan
Nick A. Khouri
Treasurer
Assets Under Management:

$15.5

billion

Total Commitments:

64

Missouri State Employees’ Retirement System (MOSERS) is a public pension fund based in Jefferson City, Missouri. Established in 1957, MOSERS provides retirement, life insurance, and long-term disability benefits to most state employees including members of the Missouri General Assembly, elected state officials, judges, and administrative law judges and legal advisors. The assets of the pension fund are managed by the eleven members’ board of trustees. The day-to-day management of MOSERS is delegated to the executive management team.
Contact Information

Address

907 Wildwood Drive
Jefferson City, Missouri
Seth Kelly
Chief Investment Officer & Deputy Executive Director
Assets Under Management:

$4.2

billion

Total Commitments:

113

Montgomery County (MD) Employees’ Retirement System (MCERS) is a defined benefit public pension fund based in Rockville, Maryland. Established in 1965, the pension fund provides benefits to the employees of Montgomery County and other agencies or political subdivisions who elect to participate. The county established a trust for the benefit of the members of the retirement system. The assets of the pension fund are managed by the board of investment trustees. The day-to-day management of the board of investment trustees is delegated to the Executive Director, who is recommended by the board and appointed by the Chief Administrative Officer. The Executive Director acts as an adviser to the board on all investment-related matters and oversees all Board and investment activities.
Contact Information

Address

101 Monroe Street
Rockville, Maryland
Bradley Theodore Atkins
Consultant
Open to First-Time Funds?

Yes

Assets Under Management:

$1.7

billion

Total Commitments:

25

Montgomery County Public Schools’ Retirement and Pension System is a public pension fund based in Rockville, Maryland. The plan provides retirement, death and disability benefits to the eligible participants. The assets are managed by a nine-member Board of Investment Trustees.
Contact Information

Address

850 Hungerford Drive
Rockville, Maryland
Marisa Grant
Chief Investment Officer
Assets Under Management:

$26.5

billion

Total Commitments:

116

National Railroad Retirement Investment Trust (NRRIT) is a defined contribution union pension fund based Washington, District of Columbia. Established in 2002, the sole purpose of NRRIT is to manage and invest railroad retirement assets. The trust is authorized to invest the assets of the railroad retirement account in a diversified investment portfolio in the same manner as those of private-sector retirement plans. The assets are managed by the Board of Trustees comprising of seven trustees, with railroad labor unions and railroad companies each selecting three and the seventh is the independent trustee.
Contact Information

Address

2001 K Street North-West
Washington, District of Columbia
Michael A. Reeves
Director, Private Equity
Open to First-Time Funds?

No

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