# Austin Police Retirement System

Austin Police Retirement System is a Pension Fund based in Austin, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** 2520 South IH-35 Suite 100, Austin, TX 78704, United States
- **Founded:** 1980
- **Assets under management:** 1.1B (Altss estimate)
- **Website:** ausprs.org

## Regulatory record

- **Reports private funds:** No

## About

Austin Police Retirement System was established in 1980 to deliver retirement benefits exclusively to sworn Austin police officers and their beneficiaries. Pattie Featherston leads day-to-day operations as Executive Director after prior service at the Teacher Retirement System of Texas; Sheldon Askew chairs the Board of Trustees. The system deploys capital through limited partner commitments and co-investments. Allocations include 9.92% to private equity, holdings in Franklin Park Private Equity Fund, LBC Credit Partners III, Providence Debt Fund III, and Sail Venture I. Real estate exposure spans Artemis Real Estate Fund, Brookfield Real Estate Fund, Domain Environmental, and India Property Fund (Apollo). Timber and oil positions add natural resources exposure across the United States. Geographic reach covers domestic markets plus opportunistic allocations to India. The plan reports $1.1B in assets. It maintains no additional offices beyond its Austin headquarters and participates in TEXPERS and NCPERS industry associations. March 2025: Attended TEXPERS Annual Conference in Austin to review fiduciary governance and asset allocation topics. Service providers include Mariner Institutional as investment advisor since 2013, State Street Bank as custodian, and Jackson Walker as legal counsel. The plan operates under Texas statute as a single-employer public pension with an eleven-member Board that combines active officers, retirees, and city appointees. This governance structure directly ties contribution policy to the City of Austin while maintaining separate investment decision authority.

## Sectors

- Private Equity
- Real Estate
- Timber
- Credit

## People

- Sheldon "Scott" Askew — Chair of the Board of Trustees
- Pattie Featherston — Executive Director

## Questions

### Who runs investment decisions at Austin Police Retirement System?

Pattie Featherston serves as Executive Director. An eleven-member Board of Trustees chaired by Sheldon Askew sets policy and approves allocations.

### Does Austin Police Retirement System participate in fund commitments or only direct deals?

The system invests primarily as a limited partner in funds. Confirmed positions include Franklin Park Private Equity Fund, Artemis Real Estate Partners, and LBC Credit Partners III.

### What asset classes receive the largest allocations?

Private equity receives a disclosed 9.92% target allocation. Real estate, timber, and credit strategies form the balance of the portfolio.

### Which external advisors support the system?

Mariner Institutional has served as investment advisor since 2013. State Street Bank acts as custodian and Jackson Walker provides legal counsel.

### How is Austin Police Retirement System related to the City of Austin?

The City of Austin is the plan sponsor and primary contributing employer under a single-employer defined benefit structure.

### Does the system maintain memberships in pension associations?

Austin Police Retirement System belongs to TEXPERS and NCPERS and regularly attends their conferences on public pension governance and investments.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/austin-police-retirement-system

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology