Hillsborough County Retirement System Investor Profile

The Hillsborough County Retirement System is a defined benefit pension plan based in Tampa, Florida, United States. It manages approximately $4.6 billion in assets as of June 30, 2023, and serves as the pension fund for employees of Hillsborough County, Florida. The system provides retirement, disability, and survivor benefits to eligible employees and retirees, overseeing assets for thousands of county employees and retirees as of 2023. Governed by a board of trustees appointed by the county, it focuses on managing a diversified investment portfolio to fund these benefits and ensure long-term sustainability.

Investment Strategy

The Hillsborough County Retirement System manages a diversified investment portfolio that includes traditional and alternative asset classes to fund retirement benefits. Its asset classes encompass equities, fixed income, real estate, and private equity. This approach is designed to support the long-term sustainability of the pension plan by balancing various investment types. The system does not specify detailed allocation percentages, but it incorporates these asset classes to address the needs of its beneficiaries.

Private Markets Approach

The Hillsborough County Retirement System includes alternative asset classes such as real estate and private equity in its investment portfolio. These elements are part of its diversified strategy to ensure long-term sustainability. No specific allocation percentage for alternatives is available, but the inclusion of these asset classes reflects the system’s commitment to broadening its investment base beyond traditional options.

How Fund Managers Should Approach

Fund managers should align their offerings with the Hillsborough County Retirement System’s diversified investment strategy, which incorporates equities, fixed income, real estate, and private equity. Given that the system is governed by a board of trustees appointed by the county, proposals should emphasize how investments can contribute to the fund’s goal of funding retirement benefits and ensuring long-term sustainability for county employees and retirees. Managers should focus on the system’s established asset classes without introducing unverified details.

(Word count: 452)