Public Employee Retirement System of Idaho Investor Profile

The Public Employee Retirement System of Idaho (PERSI) is a defined benefit pension plan that provides retirement benefits for public employees in the state of Idaho. With approximately $22.5 billion in assets under management as of June 30, 2023, PERSI serves as the primary retirement system for state and local government employees in Idaho. It manages a diversified investment portfolio to ensure long-term financial stability, operating under the oversight of the Idaho State Legislature and a board of trustees.

Investment Strategy

PERSI invests through a diversified portfolio that includes allocations to both traditional and alternative assets. The system focuses on long-term investment strategies to meet pension obligations, emphasizing risk management and fiduciary responsibility. It periodically reviews and adjusts its asset allocation based on market conditions. The asset classes include equities, fixed income, real estate, and private equity. PERSI has historically allocated to private equity and real assets for growth, aligning with its overall approach to maintaining portfolio diversification and long-term stability.

Private Markets Approach

PERSI manages a diversified portfolio that includes allocations to private equity and real assets. It has historically allocated to these areas for growth, as part of its broader investment strategy. The system operates with a focus on long-term objectives, incorporating risk management and fiduciary responsibility in its decisions.

How Fund Managers Should Approach

Fund managers seeking allocations from PERSI should align their proposals with the system’s emphasis on long-term investment strategies, risk management, and fiduciary responsibility. Given PERSI’s focus on diversification and periodic reviews of asset allocation, proposals should demonstrate how investments contribute to growth in private equity and real assets while supporting the fund’s overall stability. Managers should highlight compatibility with PERSI’s oversight structure and its commitment to meeting pension obligations through prudent, market-responsive approaches.

FAQs

1. What is the Public Employee Retirement System of Idaho?
   It is a defined benefit pension plan that provides retirement benefits for public employees in the state of Idaho and manages a diversified investment portfolio to ensure long-term financial stability.

2. When was the Public Employee Retirement System of Idaho founded?
   It was founded in 1963.

3. What are the key asset classes managed by the Public Employee Retirement System of Idaho?
   It manages allocations in equities, fixed income, real estate, and private equity.