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City of Grand Rapids decreases allocation to private equity

The US public pension's private equity allocation has dropped to 5.08%.

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Institution: City of Grand Rapids General Retirement System
Headquarters: Grand Rapids, United States
AUM: $423.18m
Allocation to alternatives: 16.83%
Bitesize: $5-10m

City of Grand Rapids General Retirement System has adjusted its allocation to private equity investments from 5.30 percent to 5.08 percent.

As illustrated in the charts below, the $423.18 million US public pension has a target allocation to private equity of 5 percent. Ms. Peggy Korzen is the current Executive Director.

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