Defined Benefit (DB) Plan Assets

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Defined Contribution (DC) Plan Investments

Investment Stewardship

Divestment


<h2 class="wp-block-heading">Overview</h2>



<p class="wp-block-paragraph">Colorado PERA invests retirement and Health Care Trust Fund assets for the sole benefit of the&nbsp;members in the defined benefit plan and offers&nbsp;a diverse lineup of PERAdvantage Funds for participants in the 401K, 457, and DC plans.</p>



<h2 class="wp-block-heading">PERA Investment Management Staff</h2>



<ul class="wp-block-list">
<li>Amy C. McGarrity, Chief Investment Officer/Chief Operating Officer</li>



<li>Rebecca Shelton, Investment Operating Officer</li>



<li>Steve Komon, Director of Equities</li>



<li>C.H. Meili, Director of Real Estate</li>



<li>Tim Moore, Director of Private Equi​​ty</li>



<li>Gary Ratliff, Director of Alternatives</li>



<li>Tara Stacy, Director of Investment Stewardship</li>



<li>Keith Tayman, Director of Fixed Income</li>
</ul>



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<div class="wp-block-advgb-accordion-item advgb-accordion-item" style="margin-bottom:15px"><div class="advgb-accordion-header" style="background-color:#000;color:#eee;border-style:solid;border-width:1px;border-radius:2px"><span class="advgb-accordion-header-icon"><svg fill="#fff" xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24"><path fill="none" d="M0,0h24v24H0V0z"></path><path d="M12,5.83L15.17,9l1.41-1.41L12,3L7.41,7.59L8.83,9L12,5.83z M12,18.17L8.83,15l-1.41,1.41L12,21l4.59-4.59L15.17,15 L12,18.17z"></path></svg></span><h2 class="advgb-accordion-header-title" style="color:inherit">Current Investment Holdings</h2></div><div class="advgb-accordion-body" style="border-style:solid !important;border-width:1px !important;border-color:undefined !important;border-top:none !important;border-radius:2px !important"><div class="document_era list">
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									<p><a class="doc_block" href="https://content.copera.org/wp-content/uploads/2026/08/Global-Equity-Holdings.pdf" target="_blank"><img decoding="async" src="https://content.copera.org/wp-content/themes/planeteria-plane/img/PDF.svg" class="img_icon" alt="download this document" width="17px"><span>Global Equity Holdings</span></a></p>
												<p><a class="doc_block" href="https://content.copera.org/wp-content/uploads/2026/08/Fixed-Income-Holdings.pdf" target="_blank"><img decoding="async" src="https://content.copera.org/wp-content/themes/planeteria-plane/img/PDF.svg" class="img_icon" alt="download this document" width="17px"><span>Fixed Income Holdings</span></a></p>
												<p><a class="doc_block" href="https://content.copera.org/wp-content/uploads/2026/06/Private-Equity-Holdings-5-181C-12-25.pdf" target="_blank"><img decoding="async" src="https://content.copera.org/wp-content/themes/planeteria-plane/img/PDF.svg" class="img_icon" alt="download this document" width="17px"><span>Private Equity Investments</span></a></p>
												<p><a class="doc_block" href="https://content.copera.org/wp-content/uploads/2026/06/Real-Estate-Direct-Ownership-5-181D-12-25.pdf" target="_blank"><img decoding="async" src="https://content.copera.org/wp-content/themes/planeteria-plane/img/PDF.svg" class="img_icon" alt="download this document" width="17px"><span>Real Estate Direct Ownership Investments</span></a></p>
												<p><a class="doc_block" href="https://content.copera.org/wp-content/uploads/2026/06/Real-Estate-Joint-Ventures-Open-End-and-Closed-End-Funds-5-181E-12-25.pdf" target="_blank"><img decoding="async" src="https://content.copera.org/wp-content/themes/planeteria-plane/img/PDF.svg" class="img_icon" alt="download this document" width="17px"><span>Real Estate Joint Venture and Fund Investments</span></a></p>
												<p><a class="doc_block" href="https://content.copera.org/wp-content/uploads/2026/06/Alternative-Holdings-5-181F-12-25.pdf" target="_blank"><img decoding="async" src="https://content.copera.org/wp-content/themes/planeteria-plane/img/PDF.svg" class="img_icon" alt="download this document" width="17px"><span>Alternative Investments</span></a></p>
												<p><a class="doc_block" href="https://content.copera.org/wp-content/uploads/2026/06/Hedge-Funds-5-181G-12-25.pdf" target="_blank"><img decoding="async" src="https://content.copera.org/wp-content/themes/planeteria-plane/img/PDF.svg" class="img_icon" alt="download this document" width="17px"><span>Hedge Fund Investments</span></a></p>
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<div class="wp-block-advgb-accordion-item advgb-accordion-item" style="margin-bottom:15px"><div class="advgb-accordion-header" style="background-color:#000;color:#eee;border-style:solid;border-width:1px;border-radius:2px"><span class="advgb-accordion-header-icon"><svg fill="#fff" xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24"><path fill="none" d="M0,0h24v24H0V0z"></path><path d="M12,5.83L15.17,9l1.41-1.41L12,3L7.41,7.59L8.83,9L12,5.83z M12,18.17L8.83,15l-1.41,1.41L12,21l4.59-4.59L15.17,15 L12,18.17z"></path></svg></span><h2 class="advgb-accordion-header-title" style="color:inherit">Resources</h2></div><div class="advgb-accordion-body" style="border-style:solid !important;border-width:1px !important;border-color:undefined !important;border-top:none !important;border-radius:2px !important"><div class="document_era list">
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									<p><a class="doc_block" href="https://content.copera.org/wp-content/uploads/2025/06/Performance-Benchmarks.pdf" target="_blank"><img decoding="async" src="https://content.copera.org/wp-content/themes/planeteria-plane/img/PDF.svg" class="img_icon" alt="download this document" width="17px"><span>Performance Benchmarks fact sheet</span></a></p>
												<p><a class="doc_block" href="https://content.copera.org/wp-content/uploads/2026/03/Less-is-More-5-168-6-26-SECURE-web-accessible.pdf" target="_blank"><img decoding="async" src="https://content.copera.org/wp-content/themes/planeteria-plane/img/PDF.svg" class="img_icon" alt="download this document" width="17px"><span>Less is More infographic</span></a></p>
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Investments


<p class="wp-block-paragraph">Colorado PERA invests retirement and Health Care Trust Fund assets for the sole benefit of the Plan’s members. State law gives responsibility for the investment of PERA’s funds to the PERA Board of Trustees. The Board approves the&nbsp;Colorado PERA Statement of Investment Policy&nbsp;and determines the strategic&nbsp;asset allocation policy.&nbsp;PERA believes that the most effective and efficient long-term strategy is to invest in a broad array of asset classes.</p>


<div class="document_era list">
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									<p><a class="doc_block" href="https://content.copera.org/wp-content/uploads/2024/07/statement-of-investment-policy.pdf" target="_blank"><img decoding="async" src="https://content.copera.org/wp-content/themes/planeteria-plane/img/PDF.svg" class="img_icon" alt="download this document" width="17px"><span>Colorado PERA Statement of Investment Policy</span></a></p>
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Colorado PERA has developed this online portal to facilitate initial engagement and performance tracking.

External Manager Portal

Explore questions about PERA's Investment program including asset allocation, risk management, and performance evaluation.

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Investment FAQs

Asset Allocation

The PERA Board determines the strategic asset allocation policy for the fund. The PERA Board’s policy specifies the desired target allocation for each asset class as well as the ranges within which each asset class may operate.

Asset Classes

Strategic asset allocation is the most significant factor influencing long-term investment performance and asset volatility. As a long-term investor, PERA will invest across a wide spectrum of investments in a prudent manner.