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Cincinnati Retirement System
The Cincinnati Retirement System was established in 1931 as a defined benefit plan funded by employee and employer contributions from the City of Cincinnati.
Cincinnati Retirement System
The Cincinnati Retirement System was established in 1931 as a defined benefit plan funded by employee and employer contributions from the City of Cincinnati. Governance rests with a nine-member Board of Trustees that includes elected and appointed members. The system targets an 11.2 percent allocation to private equity against an 8 percent policy weight. Confirmed commitments include Fort Washington Private Equity Funds, Siguler Guff Small Buyout Opportunities Fund VI, Sapphire Ventures Fund VII, and Windrose Health Investors Fund VII. Real estate exposure runs through J.P. Morgan Strategic Property Fund and PGIM PRISA. Infrastructure holdings include J.P. Morgan Infrastructure Investments Fund and IFM Global Infrastructure. Geographic reach centers on the United States with additional commitments spanning North America and global mandates. Assets total 2,253 million dollars. Marquette Associates has served as investment advisor since 2020. The system maintains memberships in the National Conference on Public Employee Retirement Systems, the Council of Institutional Investors, and the National Association of State Retirement Administrators. Board and investment committee meetings in 2025 addressed performance, valuations, and private equity pacing. The plan operates under Ohio statute that limits the use of ESG factors as a primary investment criterion. This statutory constraint shapes mandate design and manager selection alongside the nine-member board structure.
General information
Firm type
Pension Fund
Year founded
1931
Location
Region
North America
Country
United States
City
Cincinnati
Corporate office
801 Plum Street Suite 328, Cincinnati, OH, United States
Principals
Jon Salstrom
Executive Director and Chief Investment Officer
Bill Moller
Board Chair
Sector focus
Frequently asked questions
Who runs investment decisions at Cincinnati Retirement System?
Jon Salstrom holds the combined role of Executive Director and Chief Investment Officer. The nine-member Board of Trustees sets policy and reviews commitments.
Does Cincinnati Retirement System participate in fund commitments or only direct deals?
The system invests exclusively through limited-partner fund commitments. Holdings include Fort Washington Private Equity Funds and Sapphire Ventures Fund VII.
What asset classes receive allocations from Cincinnati Retirement System?
Current allocations cover public equities, core fixed income, private equity at 11.2 percent, real estate, infrastructure, and private debt. Target private equity weight stands at 8 percent.
Where does Cincinnati Retirement System source its investment opportunities?
Commitments flow through established managers such as J.P. Morgan, PGIM, IFM, and Fort Washington. No direct sourcing program is disclosed.
How is Cincinnati Retirement System related to the City of Cincinnati?
The City of Cincinnati established the plan in 1931 and remains the primary sponsor through employer contributions.
What investment stages does Cincinnati Retirement System target?
The system commits to buyout, growth, venture, secondaries, and special situations strategies through its fund roster.
Does Cincinnati Retirement System maintain an ESG policy?
Ohio statute restricts investments whose primary purpose is ESG integration. The policy instead emphasizes sustainable returns and alignment of interest.
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