# Monroe County Employees' Retirement System

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

## Overview

- **Organization type:** Public Pension Fund
- **Headquarters:** Monroe, United States
- **Region:** North America
- **Address:** 840 South Roessler Street, Monroe, MI 48161, United States
- **Founded:** 1965
- **Assets under management:** 264 (Altss estimate)
- **Website:** mcers.org
- **LinkedIn:** https://www.mcers.org

## Regulatory record

- **Reports private funds:** No

## About

The Monroe County Employees' Retirement System was established in 1965 as a single-employer defined benefit plan for permanent full-time employees of Monroe County, Michigan. Michael Grodi serves as chairman of its board of trustees. The plan deploys capital through external managers into public equity mandates and real estate funds. Confirmed holdings include positions in TerraCap Partners IV, TerraCap Partners VI, Alidade Capital Fund IV, Intercontinental U.S. Real Estate Investment Fund, and Boyd Watterson real estate strategies. It also maintains commitments to private credit vehicles including Monroe Capital Private Credit V and Raven Asset-Based Credit Fund I. Allocations span U.S. large-cap value, growth, small-mid cap, and international equity strategies. Assets totaled $257 million as of December 31, 2024. The plan retains Mariner Institutional as investment advisor, Fifth Third Bank and Northern Trust as custodians, Nyhart as actuary, and VanOverbeke, Michaud & Timmony as legal counsel. It participates in MAPERS and NCPERS industry associations. Governance centers on a retirement board that oversees manager selection and monitors a standard public pension mandate without direct deal or co-investment programs.

## Sectors

- Real Estate
- Private Credit
- Public Equity

## People

- Michael Grodi — Chairman of the Board of Trustees
- Robert Neely — Vice Chairman of the Board of Trustees
- Dawn Angerer — Retirement Specialist / Plan Administrator

## Questions

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

The retirement board chaired by Michael Grodi sets policy. Mariner Institutional serves as the external investment advisor.

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

The plan invests exclusively as a limited partner in external funds. No direct deal program is disclosed.

### Which asset classes does Monroe County Employees' Retirement System hold?

Holdings include public equities across large-cap, small-mid cap, and international strategies plus multiple real estate and private credit funds.

### Where does Monroe County Employees' Retirement System source its investment managers?

Manager selection is handled through the board and advisor Mariner Institutional. No proprietary sourcing model is described.

### What is Monroe County Employees' Retirement System's relationship to Monroe County?

Monroe County is the plan sponsor and primary employer. The system also covers the Monroe County Road Commission and Library System.

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- [Asbury Theological Seminary](https://altss.com/profile/asbury-theological-seminary)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/monroe-county-employees-retirement-system

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