# Boston Retirement System

Boston Retirement System is a Public Pension Fund based in Boston, United States.

## Overview

- **Organization type:** Public Pension Fund
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** 1 City Hall Square Suite 816, Boston, MA 02201-2038, United States
- **Founded:** 1923
- **Assets under management:** 7441 (Altss estimate)
- **Website:** boston.gov/departments/retirement
- **LinkedIn:** https://www.linkedin.com/company/boston-retirement-system

## About

The Boston Retirement System was established in 1923 to administer retirement benefits for municipal workers. Thomas V.J. Jackson serves as chairperson alongside ex officio member Scott Finn, the City Auditor. The plan covers employees of the City of Boston and entities such as the Boston Planning & Development Agency. Allocations include commitments to real estate vehicles such as Tristan Capital Partners Income Plus Strategy II and TA Realty Associates Fund IX. Additional holdings encompass Urdang Value Added Fund II, RMK timber funds, and the PRIT Core Fund. The portfolio also features limited partner positions in private equity funds including Thoma Bravo Fund XV, Summit Partners Growth Equity Fund XII, and CVC Capital Partners IX. Geographic exposure centers on the United States with select European real estate credit exposure. The system reported $7.44 billion in assets. It retains NEPC as investment advisor and State Street Bank & Trust as custodian. In March 2025 the board reviewed investment pacing plans, private market commitments, and real estate searches during its monthly meeting. Oversight falls under the Massachusetts Public Employee Retirement Administration Commission. The plan operates as a single public pension vehicle with no separate family or foundation structures. Governance ties directly to the City of Boston as sponsoring employer.

## Sectors

- Real Estate
- Private Equity
- Timber

## People

- Thomas V.J. Jackson — Chairperson of the Boston Retirement Board
- Scott Finn — City Auditor and Ex Officio Board Member

## Questions

### Who runs investment decisions at Boston Retirement System?

Thomas V.J. Jackson serves as chairperson of the Boston Retirement Board. Scott Finn participates as City Auditor and ex officio member. The board reviews pacing and commitments at monthly meetings.

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

The system invests primarily through limited partner commitments to funds. Confirmed positions include multiple real estate and private equity vehicles.

### What asset classes does Boston Retirement System target?

Holdings span real estate credit, value-add real estate, timberland, and private equity buyout and growth funds. The PRIT Core Fund provides additional diversified exposure.

### Where does Boston Retirement System maintain geographic exposure?

Investments focus on the United States with additional exposure to Europe through real estate credit strategies.

### How is Boston Retirement System related to the City of Boston?

The system acts as fiduciary for City of Boston departments and autonomous agencies. The City serves as the primary sponsoring employer.

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- [TrueBridge Capital Partners](https://altss.com/profile/truebridge-capital-partners)
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Last updated: 2026-06-03T20:00:00.000Z

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

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