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The Employees’ Retirement System of the City of Baton Rouge and Parish of East Baton Rouge (CPERS)
The Employees’ Retirement System of the City of Baton Rouge and Parish of East Baton Rouge (CPERS) is a municipal pension fund for public workers.
The Employees’ Retirement System of the City of Baton Rouge and Parish of East Baton Rouge (CPERS)
CPERS is a public employee retirement system established by the City of Baton Rouge and the Parish of East Baton Rouge. It provides defined-benefit pensions to eligible municipal workers, funded through contributions from employees, employers, and investment returns. The system is governed by a board of trustees and is subject to Louisiana state statutes governing public pension funds. CPERS pursues a broadly diversified investment strategy across multiple asset classes. Its portfolio includes real estate holdings such as the ING Clarion Properties Fund, a global infrastructure composite, a hedge fund-of-funds allocation, and private credit investments. The system also owns the CPERS Administrative Building at 209 St. Ferdinand Street in Baton Rouge as part of its real estate assets. Geographic exposure is primarily domestic US, with some allocations to global infrastructure. The system operates from a single office in Baton Rouge and administers a separate Police Guarantee Trust alongside its main retirement fund. CPERS uses the Louisiana Asset Management Pool (LAMP) for cash-equivalent investments. The system has been recognized by the Government Finance Officers Association for excellence in financial reporting. CPERS' structural differentiator is its role as a municipal pension fund with a dedicated administrative building and separate trust vehicles for police employees. Unlike larger state-wide systems, CPERS focuses on the specific workforce of Baton Rouge and East Baton Rouge Parish, which concentrates its risk but also ties its returns directly to local economic conditions.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Baton Rouge
Corporate office
Baton Rouge, LA, United States
Sector focus
Frequently asked questions
Who governs CPERS and makes investment decisions?
CPERS is governed by a board of trustees, typically composed of appointed and elected officials representing city and parish government, active and retired employees, and citizen members. The board sets investment policy and oversees asset allocation, while day-to-day management is handled by a professional staff and external investment managers (public record).
What is the relationship between CPERS and the Police Guarantee Trust (PGT)?
The Police Guarantee Trust is a separate trust fund administered by CPERS for police employees within the Baton Rouge and East Baton Rouge system. It operates under the same board governance but has its own funding streams and benefit formulas (per the firm's business partner relationship, public record).
Does CPERS invest directly or through external managers?
CPERS appears to invest primarily through external fund vehicles, including the ING Clarion Properties Fund for real estate, a global infrastructure composite, and a hedge fund of funds. Its use of the Louisiana Asset Management Pool (LAMP) for cash equivalents also reflects a pooled approach (Altss estimate, based on asset names in public business records).
What types of asset classes does CPERS target?
CPERS' known allocations include real estate (commercial and pooled accounts), infrastructure (global composite), hedge funds (fund of funds), private credit, and cash equivalents through LAMP. The system also holds the CPERS Administrative Building as a direct real estate investment (per public business records).
How is CPERS funded?
CPERS is funded by contributions from employees (active municipal workers), the employer (City of Baton Rouge and Parish of East Baton Rouge), and investment returns on its portfolio. It is a defined-benefit plan, meaning benefits are predetermined and the funding risk is borne by the plan sponsor rather than participants (public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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