# City of Alexandria Firefighters & Police Officers Pension Plan

City of Alexandria Firefighters & Police Officers Pension Plan is a Pension Fund based in Alexandria, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Alexandria, United States
- **Region:** North America
- **Address:** Alexandria, VA, United States
- **Assets under management:** Undisclosed
- **Website:** alexandriava.gov

## Regulatory record

- **Reports private funds:** No

## About

The City of Alexandria Firefighters & Police Officers Pension Plan serves the sworn personnel of this historic Virginia city, situated just across the Potomac River from Washington, D.C. The plan is a municipal defined-benefit fund, governed by a board that includes both management representatives — Finance Director Kendel Taylor sits in that capacity — and elected representatives from the rank-and-file, including firefighters Patrick Evans and Dylan Kempton and police officer Jason North. Retirement Administrator Kadira Coley handles the plan's day-to-day administration. The fund pursues a broadly diversified strategy, but its disclosed holdings reveal a distinctive tilt toward real assets. Rather than concentrating exclusively on public equities and fixed income, the plan commits directly to real estate and timberland partnerships. Known positions include a stake in PRISA SA, a core commercial real estate vehicle managed by Prudential Real Estate Investors, alongside commitments to timberland funds managed by Hancock Timber Resource Group and Molpus Woodlands Group. These allocations serve the dual purpose of inflation sensitivity and long-duration cash-flow generation — matching the decades-long liability profile of its active and retired first responders. The board oversees the fund's asset allocation and manager selection, operating under Virginia's statutory framework for local pension plans. No recent publicly reported operational events, such as asset-liability studies or allocation shifts, have been surfaced. The plan's most notable structural feature is its direct exposure to niche real-asset strategies — timberland in particular — which is unusual among municipal pension funds of its scale. While many peer plans gain real-estate exposure exclusively through broad REIT mandates or large-commingled real estate funds, Alexandria's firefighters' and police officers' plan holds identifiable limited-partnership interests in specific timber funds alongside its core real estate commitment.

## Sectors

- Real Estate
- Timberland
- Diversified

## People

- Kadira Coley — Retirement Administrator
- Kendel Taylor — Board Member, Management Representative
- Patrick Evans — Board Member, Firefighter Representative
- Dylan Kempton — Board Member, Firefighter Representative
- Jason North — Board Member, Police Officer Representative

## Questions

### What is the plan's approach to real assets?

The plan holds direct limited-partnership interests in timberland and commercial real estate — a notable feature for a municipal fund its size. Disclosed positions include PRISA SA, a core commercial real estate fund from Prudential Real Estate Investors, and timberland vehicles from Hancock Timber Resource Group and Molpus Woodlands Group. These allocations provide inflation sensitivity and long-duration cash flows matched to its pension liabilities.

### Does the fund invest directly or through fund-of-funds?

The plan invests primarily through commingled institutional funds and limited partnerships rather than direct property or operating-company ownership. Known commitments are to established third-party managers — Prudential, Hancock, and Molpus — each of which pools capital from multiple institutional investors. This structure provides diversification and professional management without requiring an in-house real-asset acquisitions team.

### Which asset classes does the plan avoid?

There is no public exclusion list. However, the plan's disclosed holdings are concentrated in real estate and timberland, with no publicly surfaced venture capital, hedge fund, or direct private equity commitments. As a municipal pension fund serving public-safety personnel, the plan is expected to operate under Virginia's prudent-investor standards, which impose fiduciary duties but do not dictate specific asset-class prohibitions.

### How is the plan overseen by the City of Alexandria?

The plan operates under Virginia law as a municipal defined-benefit pension trust, with its board structured to include both city management representatives and elected plan participants. The City of Alexandria's Finance Director — currently Kendel Taylor — holds a board seat as the management representative, ensuring coordination between the plan's funding needs and the city's overall fiscal position. The plan's obligations are backed by the full faith and credit of the city.

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Last updated: 2026-08-11T02:43:31.692Z

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