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Public Pension Fund • Worcester, United States

Worcester Retirement System

Worcester Retirement System is a public pension fund based in Worcester, United States, founded in 1945. Verified contact details, AUM data, and investment preferences on FindLPs.

$1.4B
Assets Under Mgmt
1945
Year Founded
Public Pension Fund
Investor Type
Worcester, United States
Headquarters
About

Worcester Retirement System

Worcester Retirement System's investment portfolio is valued at over $1.35 billion as of March 31, 2024, with investments in domestic and international equity, infrastructure, fixed income, private equity, real estate, hedge funds, and cash. Its return for the quarter, 1 year, 2 years, 5 years, and 10 years were 3.4%, 10.6%, 6.2%, 8.8%, and 7.1%, compared to the benchmark return of 4.5%, 13.2%, 4.0%, 7.5%, and 6.6%, respectively. As of March 31, 2024, the private equity portfolio was valued at over $185.51 million, representing 13.7% of the total portfolio. This is an increase compared to September 30, 2023, when the private equity portfolio was valued at $178.61 million The private equity portfolio is currently overweight compared to the target allocation of 13.7% but it exceeds the target allocation range of 4 to 10%. Investments in private equity include buyouts, fund of funds, mezzanine, private growth equity, and venture capital fund strategies diversified in geographical locations across the United States, Canada, the Americas, and Europe. As of March 31, 2024, the fund's private equity return for the quarter, 1 year, 3 years, and 5 years were 2.0%, 7.0%, 15.5%, and 17.8%, compared to the benchmark return of 11.7%, 24.0%, 7.6%, %, and 13.7%, respectively. As of March 31, 2024, the infrastructure & natural resources portfolio was valued at $90.42 million and $1.76 million respectively. The fund's investments are managed by the board of directors, with Mr. Timothy McGourthy serving as Chief Financial Officer, of the City of Worcester. Meketa Investment Group serves as LP Consultant.

Investment Focus

What Worcester Retirement System Invests In

Investment types: Buyout, Fund of Funds, Growth/Expansion, Hedge Fund, Infrastructure Value Added, Mezzanine, Oil/Gas, Real Assets & Natural Resources - General, Real Estate Core, Real Estate Opportunistic, Real Estate Value Added, Timber, Venture Capital, Venture Capital - Early Stage

Preferred geographies: Americas, Canada, Eastern Europe, Europe, North America, Northern Europe, Southern Europe, United States, Western Europe

Location: City Hall Room 103\n455 Main Street\nWorcester, MA\n1608\nUnited States

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LP firm data compiled from public regulatory filings (SEC Form ADV, FCA, AIFMD disclosures), company websites and press releases, LinkedIn public profiles, and verified outbound email testing. AUM figures reflect self-reported values from filings and may lag by 1–2 fiscal quarters; bands are normalized in USD. We do not publish personal residential information; firms or individuals may request removal at /contact. Methodology & sources · Updated July 2026.