NYC Employees' Retirement System (NYCERS)

About this data

Holdings as this LP reports them, fund by fund. Amounts are its commitment to each fund. Fund performance it reports is on each firm’s page. As of December 31, 2025. Source: New York City Employees' Retirement System Private Equity Quarterly Report (Public): Private Equity Portfolio. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.

From the Private Equity Quarterly Report (Public) in the system's quarterly investment meeting package, prepared by its private equity consultant and published by the New York City Comptroller's Bureau of Asset Management. The schedule's column is labeled "IRR", not net or gross; the report calls the portfolio figure in that column (10.5%) a "since inception net IRR", says performance information is "net of fees and expenses charged by the underlying investment, but gross of StepStone vehicle/account fees and expenses", and says the IRRs are calculated by the consultant from information provided by the general partners. TVPI is the printed "Multiple" (it equals (distributed capital + market value) / contributed capital); total value = distributed capital + market value and DPI = distributed capital / contributed capital are computed. Contributed is the report's "Contributed Capital" and vintage its "Vintage Year". IRR is blank where the report prints NM (44 funded investments; the report says performance of funds with less than two years of activity is not considered meaningful) or N/A (1 funded row: CVC Capital Partners IX (A)); 19 commitments have nothing contributed yet, and 5 rows carry a negative market value as printed. All 183 rows of the schedule, which it heads "Active Investments", are included: funds, co-investment vehicles and emerging manager program vehicles, each program being one row without the funds it holds (the schedule gives no strategy per row; the report's summary counts 207 active investments). Their market values add up to the printed Total Portfolio market value ($9,417,505,914); exited investments are not listed, and the Total Portfolio's $22,291,644,425 committed includes them, against $15,631,237,310 for the rows shown. The 2 commitments the report lists as closed after the as-of date are not included. Real estate, infrastructure and credit are reported separately and are not imported.