County Employees' Retirement Fund of Missouri

County Employees' Retirement Fund of Missouri

The County Employees' Retirement Fund of Missouri was established in 1994. It provides benefits to approximately 16,000 residents. Michael Ruff leads day-to-day administration as Executive Director while a board chaired by Mark Price sets policy. The fund maintains a 7.38 percent allocation to private equity against a 5 percent target. Holdings include Portfolio Advisors Private Equity Fund VI, Portfolio Advisors Private Equity Fund X and multiple Pathway Capital Management series. Real estate exposure runs through JP Morgan Asset Management and Angelo Gordon funds. Geographic reach centers on the United States with additional international equity mandates. Assets totaled approximately $766 million in fiduciary net position per the most recent valuation. The fund retains Asset Consulting Group as investment advisor and Northern Trust as custodian. It participates in NASRA and GFOA surveys. Governance rests with an elected and appointed board that oversees manager selection and benefit administration. No direct deal program or internal investment team is disclosed.