Oklahoma City Employee Retirement System - 8-13-2026

The Oklahoma City Employee Retirement System held a meeting on August 13, 2026, focusing primarily on pension administration and investment decisions. Key procurement-related actions included the approval of a one-year fiduciary liability insurance policy with Insurika Insurance Service, featuring a $50 million layered coverage structure and a $45,000 agency fee. This policy aims to protect the retirement system's fiduciaries and related plans from claims of breach of duty. Additionally, the board approved training requests for trustees and amended a personal services contract to update the retirement system manager's title to executive director. The meeting also featured a detailed presentation and approval of private equity fund commitments totaling approximately $10 million to First Mark Capital's funds, as part of a strategic plan to reach a 15% target allocation in private equity investments. The investment consultant provided a report highlighting the portfolio's strong performance relative to peers, with discussions on asset allocation, risk management, and pacing of private equity commitments. Motions related to these procurement and investment activities were duly passed by the board.