City of Columbia, Missouri  
Meeting Minutes - Final  
Investment Committee  
Conference Rooms  
1A & 1B  
Friday, September 12, 2025  
8:30 AM  
Quarterly  
Columbia City Hall  
701 E. Broadway  
II. INTRODUCTIONS  
Michael Yoakum attended virtually.  
Finance staff present: Matthew Lue, Jim McDonald and Abbie Addams  
9 -  
Present:  
Michael Hackmann, Benjamin Frede, Justin Collins, Matthew Lue, Mark Fitzgerald,  
Cullen Baxter, Steven Jeffrey, Michael Yoakum and Matthew Nichols  
III. APPROVAL OF AGENDA  
Mark Fitzgerald made motion, Stephen Jeffrey seconded. Approved  
unanimously.  
IV. APPROVAL OF MINUTES  
December 13, 2024 & June 13, 2025 Draft Minutes  
Attachments: Minutes_20241213  
Mark Fitzgerald made motion, Stephen Jeffrey seconded. Approved  
unanimously.  
V. OLD BUSINESS  
None  
VI. NEW BUSINESS  
Presentation by Ares  
Barry Newcomb, Branch Manager at UBS Financial Services delivered the Ares  
presentation.  
Mark Fitzgerald made motion to add both to City’s portfolio, Stephen Jeffrey  
seconded. Approved unanimously.  
Mike Savino, Director of Gloval Client Solutions, presented the KKR presentation.  
Mark Fitzgerald made motion to add both to City’s portfolio, Stephen Jeffrey  
seconded. Approved unanimously.  
David Sears delivered the quarterly report.  
Mark Fitzgerald made motion to trim and allocate funds, Stephen Jeffrey  
seconded. Approved unanimously.  
Justin Collins made motion to terminate MetLife and allocate to Sage, Michael  
Hackmann seconded. Approved unanimously.  
VII. GENERAL COMMENTS BY PUBLIC, MEMBERS AND STAFF  
None.  
VIII. NEXT MEETING DATE  
December 12, 2025  
IX. ADJOURNMENT  
The meeting adjourned at approximately 10:48 a.m.