New York City (NY) ERS — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
New York City (NY) ERS (New York) reported $93.1bn of assets for fiscal year 2025, a one-year investment return of 10.1%, and was 82.2% funded — around the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $93.1bn |
| 1-year return | 10.1% |
| 5-year return (annualised) | 8.7% |
| 10-year return (annualised) | 7.7% |
| Funded ratio (GASB) | 82.2% |
Private-market managers New York City (NY) ERS invests with
New York City (NY) ERS's own reports name funds run by the private-market managers profiled here. This is not its full manager roster — public-market and in-house mandates, and the per-manager fund counts, are not shown.
- EQT
- Warburg Pincus
- Bridgepoint
- KKR
- Vista Equity Partners
- Apollo Global Management
- Centerbridge
- Lexington Partners
- Thoma Bravo
- CVC
- Clearlake
- Reverence Capital
- TPG
- Insight Partners
- Nordic Capital
- One Rock Capital
- HarbourVest
- ICG
- Crestview Partners
- Permira
How the money is invested (asset allocation)
New York City (NY) ERS held 42.3% of its assets in public equities and 38.0% in fixed income (bonds) for fiscal year 2025 — the largest of 5 sleeves it reports, with the rest below:
| Public equities | 42.3% |
| Fixed income (bonds) | 38.0% |
| Private equity | 12.8% |
| Real estate | 6.9% |
| Hedge funds | 0.0% |
Compare New York City (NY) ERS with similar plans
The plans most worth reading New York City (NY) ERS against — similar in size, or invested in the same managers — side by side, each with its own page for the detail:
| Plan | Assets | 1-yr return | Funded ratio | Why comparable |
|---|---|---|---|---|
| New York City (NY) Educational | $7.6bn | 10.5% | 94.8% | Backs 20 of the same managers |
| New York City (NY) Fire | $22.1bn | 9.9% | 72.4% | Backs 19 of the same managers |
| New York City (NY) Police | $56.3bn | 9.3% | 85.5% | Backs 19 of the same managers |
| NY State & Local ERS (NYSLRS) | $230.5bn | 5.8% | 94.3% | Same state — New York |
| New York State Teachers | $154.2bn | 10.6% | 99.1% | Same state — New York |
| New York City (NY)Teachers | $82.1bn | 10.9% | 85.4% | Same state — New York |
Questions this page answers
How much does New York City (NY) ERS have in assets?
New York City (NY) ERS reported $93.1bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did New York City (NY) ERS make on its investments?
New York City (NY) ERS reported a 10.1% one-year investment return for fiscal year 2025, and 7.7% a year over the past ten years, per the Public Plans Database.
Is New York City (NY) ERS fully funded?
New York City (NY) ERS was 82.2% funded for fiscal year 2025 — above the ~80% mark many treat as reasonably sound. US public plans face no federal funding minimum, and actuaries add that the trend matters more than any single line (Public Plans Database).
How is New York City (NY) ERS's money invested?
New York City (NY) ERS held 42.3% of its assets in public equities and 38.0% in fixed income (bonds), its largest sleeves for fiscal year 2025 (Public Plans Database).
How have New York City (NY) ERS's private-equity funds performed?
New York City (NY) ERS discloses fund-by-fund private-market returns — see them in the performance tool, each fund with its net IRR and multiple as New York City (NY) ERS reports it.
See also: all tracked plans · how the private-equity funds these plans invest in have actually performed, from the plans' own disclosures: private market performance, and where plans' numbers diverge on the same fund.