Public Employees Retirement Association of Colorado

Investment Strategy

Colorado PERA employs a long-term, diversified investment approach targeting a mix of global equity, fixed income, private equity, real estate, and alternatives, guided by a strategic asset allocation that is periodically reviewed and optimized to balance risk and return. The portfolio is designed to reduce volatility and meet PERA’s long-term benefit obligations, with much of the investment management handled internally to minimize costs and maximize net returns for members. Recently, the allocation has shifted to reduce global equity exposure while increasing private equity and real estate, further enhancing diversification. The investment policy is overseen by the Board of Trustees, with an expected long-term rate of return of 7.25%.