Aaron Norton has replaced David Martus as senior portfolio manager in the Alternative Investment Division of the $40 billion
Norton joined Colorado PERA in 1998 as an investment operations analyst. Two years later he was promoted to the position of analyst in the Equity Investment Department, where he rose to be a senior portfolio manager. Previously Norton worked as a senior fund accountant at Oppenheimer Funds.
The Alternative Investments Division manages Colorado PERA’s private equity portfolio, which includes venture capital, leveraged buyout and special situation funds. In 2007, the LP approved 12 commitments in alternative investments: five in venture capital, four in leveraged buyouts and three in special situations, totaling $700 million. As of Dec. 31, 2007, Colo PERA had 7.7 percent of its portfolio in alternative investments; its allocation target is 7 percent, with a permitted range of 4 percent to 10 percent.