# Arkansas Local Police and Fire Retirement System Arkansas Local Police and Fire Retirement System is a Pension Fund based in Little Rock, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Little Rock, United States - **Region:** North America - **Address:** 620 W. 3rd Street, Suite 200, Little Rock, AR 72201, United States - **Founded:** 1981 - **Assets under management:** Undisclosed - **Website:** lopfi-prb.com - **LinkedIn:** https://www.lopfi-prb.com ## Regulatory record - **Reports private funds:** No ## About The Arkansas Local Police and Fire Retirement System (LOPFI) was established in 1981 as a statewide defined-benefit plan, delivering lifetime monthly benefits calculated by statutory formula to retired municipal police officers and firefighters. Chairman John Neal leads the Board of Trustees, with employer representatives nominated by the Arkansas Municipal League. Administrative and investment oversight sits with Executive Director David Clark and CFO Jen Sines, who share staff and coordination with the Arkansas Fire and Police Pension Review Board. The system runs a multi-asset-class portfolio built around fund commitments, mezzanine debt, natural resources, and secondaries. Real asset exposure is pronounced: energy allocations flow through EnCap Investments, and the real estate sleeve holds commercial REITs, real estate funds, and a JP Morgan real estate and infrastructure fund with a global mandate. Bank recapitalization and value-opportunities funds add a private-credit tilt. The portfolio is anchored in the United States, though the JP Morgan vehicle extends the geographic reach globally. LOPFI operates from a single office at 620 West 3rd Street in Little Rock, and its professional network includes the National Conference on Public Employee Retirement Systems (NCPERS) and the Public Pension Financial Forum (P2F2). The fund owns its headquarters property directly. Recent board leadership includes Vice-Chairman J. Scott Baxter, and governance structures tie employer board seats to municipal league nominations. The fund's structural signature is a dual oversight model: an independent Board of Trustees governs LOPFI, while administrative staff and resources are shared with the Arkansas Fire and Police Pension Review Board, a regulatory body. This architecture layers fiduciary governance over a pooled operational back-office, a cost-sharing design visible in few other state-level first-responder pension plans. ## Sectors - Real Estate - Infrastructure - Energy Transition & Renewables - Private Credit - Secondaries & Special Situations - Natural Resources ## People - David B. Clark — Executive Director - Jen Sines — Chief Financial Officer - John Neal — Chairman of the Board of Trustees - J. Scott Baxter — Vice-Chairman of the Board of Trustees ## Questions ### Who runs investment decisions at LOPFI? The Board of Trustees, chaired by John Neal, holds fiduciary authority over investment policy and manager selection. Executive Director David Clark administers day-to-day investment operations with CFO Jen Sines. The board includes employer representatives nominated by the Arkansas Municipal League and works alongside shared staff from the Arkansas Fire and Police Pension Review Board. ### What asset classes does LOPFI allocate to? The portfolio spans real estate (commercial REITs and fund commitments), infrastructure and natural resources via a JP Morgan vehicle and EnCap Investments energy funds, private credit through bank recapitalization and value-opportunities funds, mezzanine debt, and secondaries. Core public-market exposure details are not separately itemized in available sources. ### Does LOPFI invest directly or through fund managers? LOPFI primarily deploys capital through fund commitments across real estate, energy, private credit, and infrastructure. The system also holds interests in REITs and has participated in secondaries transactions. Direct property ownership is limited to its own headquarters building in Little Rock. ### How is LOPFI governed? A Board of Trustees governs the system, with employer representatives nominated by the Arkansas Municipal League. The board shares administrative staff and resources with the Arkansas Fire and Police Pension Review Board, creating a dual-governance structure where the fiduciary board and regulatory body operate with a pooled back office. ### What is LOPFI’s relationship to the Arkansas Fire and Police Pension Review Board? LOPFI and the Arkansas Fire and Police Pension Review Board are distinct entities that share administrative staff and operational resources. This arrangement separates fiduciary governance of LOPFI’s assets from the PRB’s regulatory function while consolidating back-office costs. ### Where does LOPFI’s funding come from? LOPFI is a defined-benefit plan funded through contributions from participating Arkansas municipalities (employers) and plan members (local police officers and firefighters), with benefits paid under a statutory formula. It is not tied to a single family wealth source. ## Related profiles - [Fondo Pensione Nazionale BCC/CRA](https://altss.com/profile/fondo-pensione-nazionale-bcc-cra) - [The New York Community Trust](https://altss.com/profile/the-new-york-community-trust) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/arkansas-local-police-and-fire-retirement-system Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology