The Jacksonville Police and Fire Pension Fund provides retirement and disability benefits to police officers and firefighters of the City of Jacksonville, Florida. With approximately $3 billion in total assets, the fund serves one of the largest consolidated city-county governments in the country.
Investment Strategy
The fund maintains a diversified portfolio across public equities, fixed income, private equity, real estate, and other alternatives. The Board of Trustees sets allocation targets with input from investment consultants.
The alternatives program includes private equity investments in buyout and growth strategies, and real estate through diversified funds. The fund has been building its alternatives exposure to enhance risk-adjusted returns.
How to Approach
Fund managers should contact the fund’s investment staff or their consultant. The fund evaluates managers based on track record, team quality, and fee structure. GPs should present a concise fund overview and audited performance data.
Frequently Asked Questions
What is Jacksonville PFPF's alternatives allocation?
The Jacksonville Police and Fire Pension Fund allocates approximately 16% of its $3 billion portfolio to alternatives including private equity and real estate.
How does the fund select managers?
The fund works with investment consultants to evaluate managers. The Board of Trustees approves all commitments. Selection criteria include track record, team stability, and fee competitiveness.
How can GPs approach the Jacksonville PFPF?
GPs should contact the fund's investment staff or their consultant. Commitment sizes are typically in the $10 million to $25 million range. The fund values established managers with proven processes.
