# Charles County Pension Trust Funds

Charles County Pension Trust Funds is a Pension Fund based in La Plata, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** La Plata, United States
- **Region:** North America
- **Address:** 200 Baltimore Street, La Plata, MD, United States
- **Assets under management:** 696 (Altss estimate)
- **Website:** www.charlescountymd.gov

## Regulatory record

- **Reports private funds:** No

## About

Charles County Pension Trust Funds operates two defined benefit plans sponsored by Charles County government. The plans cover eligible county employees and the Sheriff's Office Retirement Plan participants. Oversight rests with a pension committee that includes county officials and meets regularly on asset allocation and manager performance. The portfolio mixes public equities, fixed income, and real estate. Confirmed holdings include VINIX, DODGX, and MIEIX for equity exposure, Western Asset Core Plus Bond Fund for fixed income, and PRISA plus Clarion Lion Properties Fund for real estate. Private equity commitments run through HarbourVest Dover Street XI, Siguler Guff Small Buyout Opportunities Fund V, and Adams Street Global Secondary V. All investments remain within the United States or global mandates executed via U.S.-based vehicles. The trust funds maintain relationships with Empower as recordkeeper and investment advisor, Prudential Retirement as manager, CliftonLarsonAllen as auditor, and Bolton Partners as investment advisor. A May 2024 committee meeting addressed asset allocation amendments and manager performance reviews. The funds belong to the Maryland Association of Pension Systems and NCPERS. Governance flows directly from the Charles County Board of County Commissioners, which serves as the sponsoring body with final authority over funding policy and plan design.

## Sectors

- Real Estate
- Private Equity
- Fixed Income
- Public Equity

## People

- Mark Belton — County Administrator and Pension Committee Member
- Jenifer Ellin — Director of Fiscal Services and Pension Committee Vice-Chair
- Alexis Blackwell — Human Resources Director and Pension Committee Member
- Wes Adams — Attorney and Pension Committee Member

## Questions

### Who runs investment decisions at Charles County Pension Trust Funds?

A pension committee that includes County Administrator Mark Belton, Director of Fiscal Services Jenifer Ellin, and other county officials reviews allocations and manager performance. The committee reports to the Board of County Commissioners.

### Does Charles County Pension Trust Funds participate in fund commitments or only direct deals?

The plans hold both commingled fund positions and direct real estate interests. Examples include PRISA, Clarion Lion Properties Fund, and private equity funds from HarbourVest, Siguler Guff, and Adams Street.

### What asset classes receive the largest allocations?

Public equities, fixed income, and real estate form the core. Recent data show roughly 40 percent in fixed income and material commitments to PRISA and Clarion Lion Properties Fund.

### How is Charles County Pension Trust Funds related to Charles County government?

The Board of County Commissioners sponsors the plans and holds oversight authority. The Sheriff's Office serves as a participating employer for one of the two plans.

### Which service providers support the plans?

Empower acts as recordkeeper and investment advisor, Prudential Retirement and AQR Capital Management serve as investment managers, CliftonLarsonAllen conducts audits, and Bolton Partners provides investment advisory services.

## Related profiles

- [Eiffel Investment Group](https://altss.com/profile/eiffel-investment-group)
- [Rasmuson Foundation](https://altss.com/profile/rasmuson-foundation)

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

Canonical page: https://altss.com/profile/charles-county-pension-trust-funds

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