Mendocino County Employees Retirement Association 7/15/2026

The Mendocino County Employees Retirement Association held a meeting on July 15, 2026, focusing primarily on investment and portfolio management topics. Key procurement-related discussions included a detailed presentation by investment managers on the Artisan Sustainable Emerging Markets portfolio, highlighting performance, stock selection strategies, and market concentration risks. The board also reviewed private equity and private credit investment considerations, discussing implementation models such as fund-of-funds versus direct investing, associated fees, liquidity concerns, and governance implications. Additionally, the board received updates on the PIMCO Total Return Collective Investment Trust, preliminary investment performance reports, and cash flow projections for fiscal years 2026-2028. Policy reviews were conducted with minor amendments approved unanimously, and administrative matters such as staffing and upcoming conferences were addressed. No new contract awards or RFPs were reported, but the discussions on private market investments and portfolio adjustments indicate ongoing procurement and investment strategy considerations.