# Birmingham Retirement System

Birmingham Retirement System is a Public Defined Benefit based in Birmingham, United States.

## Overview

- **Organization type:** Public Defined Benefit
- **Headquarters:** Birmingham, United States
- **Region:** North America
- **Founded:** 1983
- **Assets under management:** 980 (Altss estimate)
- **Website:** birminghamcapitaladvisors.com

## Regulatory record

- **Reports private funds:** No

## About

The Birmingham Retirement System operates as a public defined benefit plan serving city employees. No founding year or wealth-origin narrative is disclosed in available records. Holdings include Innovative Industrial Properties and Brixmor Property Group as minority REIT positions. The plan also commits to Partners Group Private Equity as a limited partner and maintains exposure to the Mesirow Financial Multi-manager/Multi-strategy Fund. Geographic reach centers on U.S. markets with additional international equity exposure through a JP Morgan fund. Captrust has served as investment advisor since 2023. The board held regular meetings in March 2024 to review the Captrust quarterly report and asset summary. Additional service providers include Segal for actuarial work and Scott+Scott plus Saxena White for legal counsel. Board composition ties directly to city government through the mayor's ex officio seat, creating an operational link between municipal leadership and plan governance.

## Sectors

- Real Estate
- Private Equity
- Hedge Funds

## People

- Randall Woodfin — Ex Officio member of the Board of Managers
- Dexter Cunningham — Retiree Representative
- Brett Reardon — Advisor at Captrust

## Questions

### Who serves on the board of the Birmingham Retirement System?

Randall Woodfin sits ex officio as Mayor of Birmingham. Dexter Cunningham serves as retiree representative.

### What asset classes appear in the Birmingham Retirement System portfolio?

Public equity index funds, REIT holdings, fixed income mutual funds, and a multi-strategy hedge fund allocation.

### Does the Birmingham Retirement System participate in securities litigation?

The system has acted as lead or co-lead plaintiff in class actions against Innovative Industrial Properties and Brixmor Property Group.

### Which external advisors support the Birmingham Retirement System?

Captrust provides investment advisory services. Segal serves as actuarial consultant.

## Related profiles

- [The Calgary Foundation](https://altss.com/profile/the-calgary-foundation)
- [The Hadassah Foundation](https://altss.com/profile/the-hadassah-foundation)

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

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

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