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NB Alternatives receives commitment from Milwaukee ERS

The US public pension has backed the alternatives investment firm's latest global secondaries fund.

Institution: City of Milwaukee Employees’ Retirement System
Headquarters: Milwaukee, US
AUM: $5.37bn
Allocation to alternatives: 28.30%
Bitesize: $50-100m

City of Milwaukee Employees’ Retirement System committed $100 million to NB Secondary Opportunities Fund V. The fund will use capital commitments to invest in private equity, venture capital and infrastructure throughout the globe, with an emphasis on Europe, Asia and the United States.

As illustrated in the charts below, CMERS currently allocates 28.30 percent to alternative assets. Mr. David Silber is the current Chief Investment Officer.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.