# Milwaukee County Employees' Retirement System

Milwaukee County Employees' Retirement System is a Pension Fund based in Milwaukee, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Milwaukee, United States
- **Region:** North America
- **Address:** Milwaukee County Courthouse, Room 306 901 N. 9th Street, Milwaukee, WI, United States
- **Founded:** 1937
- **Assets under management:** Undisclosed
- **Website:** county.milwaukee.gov

## About

Milwaukee County Employees' Retirement System was established in 1937. It processes pension payroll and benefit estimates for members. The plan sponsor is Milwaukee County. The system maintains exposure to private equity through commitments to Adams Street Partners and Siguler Guff. Real estate holdings include the Morgan Stanley Prime Property Fund and UBS Trumbull Property Fund. Infrastructure positions cover JP Morgan Infrastructure Investments Fund and IFM Global Infrastructure Fund. Allocations concentrate in the United States and global markets. David Silber leads investment decisions as CIO with support from Deputy CIO Erich Sauer. The system participates in NCPERS and receives the Certificate of Transparency. Recent board meetings addressed asset allocation and performance. Governance ties directly to Milwaukee County as plan sponsor with board oversight from elected and appointed trustees.

## Sectors

- Infrastructure
- Real Estate
- Private Equity

## People

- David Silber — Chief Investment Officer
- David Robles — Chairperson of the Pension Board
- Anthony Johnson — Vice Chairperson of the Pension Board

## Questions

### Who runs investment decisions at Milwaukee County Employees' Retirement System?

David Silber serves as Chief Investment Officer. Erich Sauer acts as Deputy Chief Investment Officer. The Investment Committee is chaired by Anthony Johnson.

### Does Milwaukee County Employees' Retirement System participate in fund commitments or only direct deals?

The system commits to external funds including private equity vehicles from Adams Street Partners and infrastructure funds from JP Morgan and IFM Investors.

### What asset classes receive allocations from Milwaukee County Employees' Retirement System?

Allocations include private equity at a current 14.21 percent, core real estate, infrastructure, and public equity and fixed income managed by Northern Trust and other external firms.

## Related profiles

- [Japan Computer Information Service Employees' Pension Fund](https://altss.com/profile/japan-computer-information-service-employees-pension-fund)
- [Ameraudi Asset Management](https://altss.com/profile/ameraudi-asset-management)

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Last updated: 2026-06-03T20:00:00.000Z

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