# Macomb County Employees' Retirement System (MCERS)

Macomb County Employees' Retirement System (MCERS) is a Pension Fund based in Mount Clemens, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Mount Clemens, United States
- **Region:** North America
- **Address:** Mount Clemens, MI, United States
- **Assets under management:** Undisclosed
- **Website:** mcers.org

## Regulatory record

- **Reports private funds:** No

## About

MCERS provides retirement benefits for the public workforce of Macomb County, Michigan, operating as a governmental defined-benefit plan in the suburban Detroit corridor. The fund's investment activity is overseen by a Retirement Board chaired by Macomb County Treasurer Larry Rocca, with day-to-day administration handled by Benefits Administrator Jennifer Smiley. While the system discloses its actuarial position and board composition as a matter of public record, it does not publish a detailed asset manager lineup or live AUM figure on its public-facing site. The fund's strategy disclosures point to a concentrated bet on private equity secondaries — the acquisition of existing LP commitments in buyout, venture, and growth funds from sellers seeking early liquidity. Secondaries strategies typically shorten the duration to distributions and reduce the cash-flow drag of early primary commitments, an approach favored by LPs building new private-market programs or rebalancing mature books. The geographic footprint is domestic, with a natural home-state bias toward Michigan-based funds and intermediaries. Team size and total deployment remain opaque. The system maintains no additional offices beyond Mount Clemens and has not disclosed private-market direct-investment or co-investment vehicles. MAPERS membership provides trustee education and peer-engagement channels, though MCERS has not publicized significant adjacent vehicles such as a related OPEB trust or foundation arm. What distinguishes MCERS within the Michigan pension landscape is a strategy not heavily weighted to the traditional 60/40 split or a scattered alternatives bucket, but a deliberate secondaries concentration. That posture, for a mid-sized county plan, implies either strong board conviction or an advisory relationship with a generalist consultant that has model-allocated toward secondary funds. The governance sits directly under an elected Treasurer, tying investment outcomes to a political office rather than an independent CIO structure — a design that places succession risk and committee continuity at the center of the system's long-term trajectory.

## Sectors

- Secondaries & Special Situations

## People

- Larry Rocca — Chairman, Retirement Board
- Jennifer Smiley — Benefits Administrator

## Related profiles

- [Macmillan](https://altss.com/profile/macmillan)
- [Macquarie Asset Management (MAM)](https://altss.com/profile/macquarie-asset-management-mam)

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Last updated: 2026-08-11T02:43:31.692Z

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