Asset Classes

Global Equity

Colorado PERA invests in stocks issued by domestic and international companies. Stock investments represent an important source of long-term growth for the overall portfolio.

External Managers

  • Acadian Asset Management
  • Baillie Gifford Overseas Limited
  • BlackRock
  • Mondrian Investment Partners Limited
  • Schroder Investment Management
  • William Blair & Company

Quarterly SEC Filings

As of September 30, 2021

Fixed Income

PERA invests in bonds primarily issued by U.S. and foreign governments, government entities, and corporations. The bonds that PERA owns are generally high quality, although PERA may have a modest exposure to emerging market and high-yield bonds. Bond investments represent an important source of interest income and cash flow for the Plan.

PERA's Top Ten Bond Holdings by Fair Value as of December 31, 2020

(In thousands of dollars, does not include defined contribution plans or commingled funds)

  Par Value Bonds Fair Value

1.

$309,452

FNMA Pool #MA4237, 2.000%;
Due 1/1/51

$321,484

2.

$246,931

FHLMC Pool #SD8122, 2.500%;
Due 12/1/50

$260,529

3.

$175,000

US Treasury Notes, 2.250%;
Due 2/15/27 

$193,437

4.

$188,800

US Treasury Notes, 0.875%;
Due 11/15/30 

$188,181

5.

$168,331

GNMA II Pool #MA6656, 3.000%;
Due 5/20/50  

$176,131

6.

$175,000

US Treasury Bonds, 0.375%;
Due 3/31/22 

$175,554

7.

$150,000

FNMA Pool #MA4261, 2.000%;
Due 2/1/36 

$156,896

8.

$150,000

US Treasury Notes, 1.750%;
Due 5/15/23

$155,707

9.

$145,000

US Treasury Notes, 2.000%;
Due 6/30/24 

$154,068

10.

$150,000

US Treasury Notes, 0.250%;
Due 10/31/25 

$149,355

 

 

As of September 30, 2021

Private Equity

PERA invests in private equity, venture capital, and special situation partnerships. PERA will also consider co-investments with private equity sponsors on a limited basis. The Private Equity program's objective is to generate investment returns in excess of the publicly traded markets as well as to deliver investment returns that rank highly against the private market opportunity set.

Private Equity Portfolio

Private Equity: The Basics

As of June 30, 2021

Preliminary and unaudited. Based on reporting lags of 3 to 9 months.

Preliminary and unaudited. Based on reporting lags of 3 to 9 months.

Real Estate

PERA invests in office buildings, apartments, industrial buildings, and other types of commercial real estate around the world. PERA’s real estate investments produce stable income and the opportunity for capital appreciation

As of June 30, 2021

Preliminary and unaudited.

Preliminary and unaudited.

Alternatives

Currently, Alternatives is comprised of a variety of liquid and illiquid investments including tactical opportunities stemming from market dislocations or regulatory change, alternative forms of credit, real assets, and global macro and multi-strategy hedge funds.

 

As of September 30, 2021

Preliminary and unaudited. May have reporting lags of up to 6 months.

Preliminary and unaudited. May have reporting lags of up to 6 months.

Cash

As of September 30, 2021