# Baltimore City Fire & Police Employees’ Retirement System

Baltimore City Fire & Police Employees’ Retirement System is a Pension Fund based in Baltimore, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Baltimore, United States
- **Region:** North America
- **Founded:** 1962
- **Assets under management:** 3400 (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

The Baltimore City Fire & Police Employees’ Retirement System operates as a public defined-benefit plan serving fire and police personnel. Its portfolio includes commitments to funds such as Manulife Co-Investment Partners III, Grain Communications Opportunity Fund IV, and JLC Infrastructure Fund II. Allocations span buyout strategies and core holdings in North America and global markets. Confirmed positions include Torchlight Debt Opportunity Fund VII, Dalfen Last Mile Industrial Fund IV, IPI Data Center Partners Fund II, and LaSalle Income & Growth Fund VIII. The system also holds interests in Madison International Real Estate Liquidity Fund IX and Crayhill Principal Strategies Fund III. Callan and NEPC serve as investment advisors. MFS, The Northern Trust, Invesco, Baillie Gifford, and C.S. McKee act as investment managers. January 2026: Attended the 2026 Baltimore Market Preview event. The plan reports a 7 percent target IRR and ticket sizes between $10 million and $50 million. It incorporates DEI considerations in manager selection.

## Sectors

- Public Equities
- Fixed Income
- Hedge Funds
- Private Equity
- Real Estate
- Infrastructure

## People

- Robert Holley — Executive Director
- Ezana Gebru — Senior Investment Officer
- Amy E. Baskerville — Director of Communications and External Affairs

## Questions

### Who runs investment decisions at Baltimore City Fire & Police Employees’ Retirement System?

Robert Holley serves as Executive Director. Ezana Gebru holds the role of Senior Investment Officer.

### Does the system participate in fund commitments or only direct deals?

The system commits as a limited partner to funds including Manulife Co-Investment Partners III and Grain Communications Opportunity Fund IV.

### What asset classes receive allocations?

Public equities total $1.56 billion. Fixed income totals $455 million. Hedge funds total $207 million.

### Which regions does the system target?

Commitments cover North America and global markets through real estate and infrastructure funds.

### How does the system select managers?

It incorporates DEI considerations into manager selection and maintains relationships with advisors Callan and NEPC.

### What is the system’s known ticket size range?

Ticket sizes range from $10 million to $50 million.

### What target return does the system set?

The system sets a 7 percent target IRR.

## Related profiles

- [ALSA PK](https://altss.com/profile/alsa-pk)
- [Baltimore County Employees' Retirement System](https://altss.com/profile/baltimore-county-employees-retirement-system)

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

Canonical page: https://altss.com/profile/baltimore-city-fire-police-employees-retirement-system-bcfpers

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