DFX Intelligence
Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
Public pension
Milwaukee City Employees Retirement System
Public pensionmunicipalWI
Assets
$6.0B
Total assets, Jun 30, 2024 reported
Funded
n/a
not filed
Private markets target
23.0%
policy Dec 31, 2024
Commitments
0
none on the tape
Allocation policy
ACFR, as of Dec 31, 2024
| Asset class (as printed) | Bucket | Target | Range | Actual | Gap | Basis |
|---|---|---|---|---|---|---|
| Fixed Income & Cash | Cash | 23.0% | reported cmers.com | |||
| Absolute Return | Hedge / diversifiers | 10.0% | reported cmers.com | |||
| Private Equity | Private equity | 10.0% | reported cmers.com | |||
| Public Equity | Public equity | 44.0% | reported cmers.com | |||
| Real Assets | Real assets | 3.3% | reported cmers.com | |||
| Real Estate | Real estate | 9.7% | reported cmers.com |
Consultants and advisers
3 firms
- Callan LLC General consultantthrough Dec 31, 2024 ACFR
- Cavanaugh Macdonald Consulting Actuarythrough Dec 31, 2024 ACFR
- Northern Trust Co. Custodianthrough Dec 31, 2024 ACFR
People
3 roles
Chief investment officer
David M. Silber, CFA, CAIA
Chief Investment Officer (Dec 31, 2024) cmers.com
David M. Silber, CFA, CAIA
Chief Investment Officer
- Bernard J. Allen Executive DirectorExecutive director / CEO
- Erich Sauer, CFA, CAIA InvestmentsInvestment officer
Manager roster
No manager relationship is on the tape for this allocator.
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
57 readings
What changed
2 events
- Jun 30, 2023Assets changedMilwaukee City Employees Retirement System fiduciary net position $6.4B -> $5.5B (-14.1%, 2022-06-30 to 2023-06-30)
- Jun 30, 2023Assets changedMilwaukee City Employees Retirement System total assets $6.4B -> $5.7B (-10.8%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 189529
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.