# Brookline Retirement System

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

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Brookline, United States
- **Region:** North America
- **Address:** Public Health Building, Ground Floor, 11 Pierce Street, Brookline, MA 02445, United States
- **Founded:** 1937
- **Assets under management:** 477 (Altss research record) (Altss estimate)
- **Website:** brooklinema.gov
- **LinkedIn:** https://www.brooklinema.gov/

## Regulatory record

- **Reports private funds:** No

## About

Brookline Retirement System was established in 1937 to administer retirement benefits for municipal employees. It maintains a five-member board and reports to the state Public Employee Retirement Administration Commission. The system holds 17.1 percent in private equity through vehicles including HarbourVest Partners VIII and IX-Buyout plus Lexington Capital Partners VII. Real estate exposure includes AEW Real Estate Fund and Intercontinental Real Estate Investment Fund III. It maintains a timberland allocation of approximately 2.9 percent and a commodities mandate with Wellington Management. In 2018 the board voted to transfer a significant portion of assets to the state-managed Pension Reserves Investment Trust Fund. The portfolio also includes global equity mandates managed by Lazard Asset Management, J.P. Morgan Investment Management and others. Meketa Investment Group has served as investment advisor since 2009. The system belongs to the Massachusetts Association of Contributory Retirement Systems and the National Conference on Public Employee Retirement Systems. Governance rests with the five-member board and the Executive Director rather than a single family or sponsor. Oversight by PERAC imposes statutory investment and reporting requirements that shape allocation decisions and service provider selection.

## Sectors

- Diversified

## People

- Gary D. Altman — Chairperson of the Brookline Retirement Board
- Padraic Lydon — Executive Director

## Questions

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

Padraic Lydon serves as Executive Director. Gary D. Altman chairs the five-member retirement board. Meketa Investment Group acts as investment advisor.

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

The system invests through fund commitments including HarbourVest Partners funds, Lexington Capital Partners VII and Invesco Venture Partnership Fund V.

### What asset classes does Brookline Retirement System hold?

Holdings include global equities, core fixed income, private equity at 17.1 percent, real estate funds and a 2.9 percent timberland allocation.

### Where does Brookline Retirement System keep the majority of its assets?

A significant portion was transferred in 2018 to the state-managed Pension Reserves Investment Trust Fund for professional management.

### Which organizations oversee Brookline Retirement System?

The Public Employee Retirement Administration Commission provides state-level oversight. The system also participates in the Massachusetts Association of Contributory Retirement Systems.

## Related profiles

- [KDK Private Wealth Management](https://altss.com/profile/kdk-private-wealth-management)
- [Catholic Education Foundation of Los Angeles](https://altss.com/profile/catholic-education-foundation-of-los-angeles)

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

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

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