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Utah Retirement Systems
Utah Retirement Systems (URS) serves as an independent component unit of the State of Utah. It administers retirement and defined contribution benefits for...
Utah Retirement Systems
Utah Retirement Systems (URS) serves as an independent component unit of the State of Utah. It administers retirement and defined contribution benefits for state, local government, and public education employees. Established in 1963, URS manages multiple defined benefit pension systems and various retirement savings plans for nearly 200,000 members in Utah.
General information
Firm type
Pension Fund
Year founded
1963
Location
Region
North America
Country
United States
City
Salt Lake City
Corporate office
560 East 200 South, Salt Lake City, UT 84102-2099, United States
Additional offices
St. George, UT, United States
Principals
Daniel Andersen
Executive Director
John Skjervem
Chief Investment Officer
Jason Morrow
Deputy Chief Investment Officer
Rich Matheson
Director of Real Estate, Timber, and Agriculture
Laura Lincoln
Director of Public Markets & Absolute Return
Sector focus
Frequently asked questions
Who runs investment decisions at Utah Retirement Systems?
John Skjervem serves as Chief Investment Officer and oversees portfolio construction and manager selection. Jason Morrow acts as Deputy Chief Investment Officer with focus on private credit. Laura Lincoln directs public markets and absolute return strategies.
Does Utah Retirement Systems participate in fund commitments or only direct deals?
The system commits to external private equity funds including ECI Partners, Hg Capital, Livingbridge, and Vitruvian Partners. It also holds direct investments in Helion Energy and Commonwealth Fusion Systems.
What asset classes receive the largest allocations?
Public equities form the largest segment. Private equity targets 12 percent of assets. Real assets include timberland, agriculture, and energy holdings valued in excess of $9 billion.
Which regions does Utah Retirement Systems target for private equity?
Commitments focus on the United States and the United Kingdom. Funds such as ECI 11 and Livingbridge 6 represent recent UK exposure.
How does Utah Retirement Systems approach energy transition investments?
The real assets team maintains oil and gas holdings while adding exposure to fusion through direct investments in Helion Energy and Commonwealth Fusion Systems. Staff participated in the ARPA-E Energy Innovation Summit in May 2024.
What external service providers support Utah Retirement Systems?
Northern Trust serves as global custodian. Gabriel, Roeder, Smith & Company provides actuarial services. Callan Associates acts as investment consultant. Eide Bailly was appointed auditor in 2024.
Is Utah Retirement Systems a member of industry associations?
The system holds memberships in the Council of Institutional Investors, National Council on Teacher Retirement, National Association of State Retirement Administrators, and Public Pension Financial Forum.
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