Holyoke Retirement Board Thursday June 20, 2024, 9am
9:00 am Holyoke City Hall Annex
20 Korean Veterans Plaza, Holyoke 01040
Anthony Dulude is inviting you to a scheduled Zoom meeting.
Topic: Holyoke Retirement Board
Time: Jun 20, 2024 09:00 AM Eastern Time (US and Canada)
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Meeting ID: 836 8177 7629
Passcode: 939544
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Meeting ID: 836 8177 7629
Passcode: 939544
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Pursuant to G.L. c. 30A, § 20(b) notice is hereby given that a meeting of a Holyoke Retirement Board Meeting to be held at 20 Korean Veterans Plaza, Room 207, Holyoke, MA.
Special Board Meeting: Thursday June 20, 2024 @ 9:00 A.M.
Agenda Topics:
RFP’s Private Equity
Segal Actuarial
HOLYOKE RETIREMENT BOARD
June 20, 2024
MINUTES
Pursuant to Chapter 20, Section 20 of the Acts of 2021, the regular Meeting of the Holyoke Retirement Board was called to order by Chairperson Jack McCarthy (zoom) at 9:00 A.M. Present were Cheryl Dugre (zoom), Tanya Wdowiak, Todd McGee (zoom) and Michele Aubrey (Zoom). Also present were Executive Director Anthony Dulude, Brian Green (Mariner)(zoom).
Investments: Based on recommendation by consultant Brian Green (Mariner) the board voted unanimously (5-0) to grant Constitution Capital $10 million- $5 million to Co-Investment VII and $5 million to Partnership Fund VII. The search was for Private Equity.
Based on recommendation by Lisa VanDermark (Segal Actuarial) the board voted unanimously (5-0) resetting the administrative expense assumption to $450,000 for calendar 2024, increasing 3% per year.
The next meeting of the Holyoke Retirement Board will be held on Wednesday June 26, 2024 @ 9am.
There being no further business, a motion to adjourn was made by Ms. Wdowiak, seconded by Mr. McGee, passing unanimously, (5-0).
MEETING ………………………. adjourned 9:11 A.M.
List of Documents Reviewed at the 5/1/2024 Meeting:
Mariner Private Equity Presentation.
Mariner Spreadsheet Flash Report.
Segal Actuarial Information.
Respectfully submitted,
______________________________
Anthony Dulude
Executive Director
ATTESTED TO: _____________________________ John T. McCarthy (Chairman)
Elected Member
_____________________________ Michele Aubrey
Appointed Fifth Member
_____________________________ Cheryl Dugre
Elected Member
_____________________________ Todd McGee
Appointed Member
_____________________________ Tanya Wdowiak
Ex-Officio Member