Michael Musuraca was a Managing Director of Blue Wolf Capital Management, a private equity firm based in New York City, and Blue Wolf Capital Fund II, L.P, a private equity fund that specializes in control investments in middle-market companies in which managing relationships with government or labor, or resolving financial or operational distress, are critical to creating value from 2009 until early 2011.
Michael is currently working as a consultant on pension and corporate governance issues.
Prior to joining Blue Wolf in February 2009, Michael served as an Assistant Director in the Department of Research and Negotiations, District Council 37 of the American Federation of State, County, and Municipal Employees (AFSCME), AFL-CIO. District Council 37 is one of the largest public sector unions in New York City, representing 125,000 members who work for the City of New York, its covered organizations, and certain agencies of the State of New York. He worked for District Council 37 from 1988 to 2009.
From 1996-2009, Michael served as the designated trustee to the New York City Employees Retirement System (NYCERS), a 300,000 plus member pension fund with assets of approximately $40 billion. He also served, from 1997 until 2009, as a trustee to the Cultural Institutions Retirement System (CIRS), a $1 billion fund with members from the major cultural institutions and day care facilities in the New York City metropolitan area. Michael was also a member of the Principles for Responsible Investment (PRI) Board and was the labor representative to the Advisory Board of the New York City Independent Budget Office. He is currently serving on the board of the Shareholders Education Network (SEN), Sustainalytics, and Verite’.
Michael received a B.A., in Political Science from New York University in 1979, and a M.A. in American History from the University of Massachusetts/Boston in 1982. He received a Master’s of Philosophy from the Graduate Center, City University of New York (CUNY) in 1992. Since 1994, he has taught in the Department of Urban and Labor Studies at Queens College (CUNY). He has also taught at City College (CUNY), Rutgers University, and the New York City campus of Cornell University.
Michael has published a number of papers on labor affairs and urban history and politics in academic journals.
My experience on the pension boards has deepened my interest in finding ways for trustees to both improve the governance of pension boards as well as how to have trustees take greater responsibility for the investment decisions they make as collective actors in the marketplace and in the halls of government.