---
title: Milwaukee City Retirement Increases Targets to Fixed Income and Private Equity
description: Milwaukee City Retirement Increases Targets to Fixed Income and Private Equity.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/milwaukee_pensions-1-1.jpg
---

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# Milwaukee City Retirement Increases Targets to Fixed Income and Private Equity

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/milwaukee_pensions-1-1.jpg)

The Employees’ Retirement System of the City of Milwaukee has approved a new target asset allocation mix that was recommended by Callan.

The new target asset allocation mix decreases Public Equity by 5% and reduces the target to Absolute Return by 3%. 

The Core Fixed Income target was increased by 5.99% to 18.05% of the portfolio. High Yield was increased by 4.3%. And the private equity target was increased by 2%.

**Approved Target Asset Allocation Mix:**

- Public Equity: 39% (-5%)
- Core FI: 18.05% (+5.99%)
- High Yield: 9.94% (+4.3%)
- Real Assets: 13%
- Private Equity: 12% (+2%)
- Absolute Return: 7% (-3%)
- Cash 1%

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity), [Equities](https://dakotafunds.com/dakota-funds/tag/equities), [Hedge Funds](https://dakotafunds.com/dakota-funds/tag/hedge-funds), [Fixed Income](https://dakotafunds.com/dakota-funds/tag/fixed-income), [Real Assets](https://dakotafunds.com/dakota-funds/tag/real-assets)

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