City of Bismarck (ND) Police Pension Fund

City of Bismarck (ND) Police Pension Fund

The City of Bismarck Police Pension Fund serves as the retirement vehicle for sworn officers of North Dakota's capital city police department. The plan operates under a board of trustees and receives financial oversight from the City of Bismarck's finance director. Like many municipal pension funds, it is structured as a defined-benefit plan, pooling contributions from the sponsoring municipality and its members. Despite its modest size, the fund maintains an investment program that spans several alternative asset classes. The portfolio includes commitments to venture capital vehicles, providing exposure to early-stage and growth equity. On the real assets side, the fund participates in global infrastructure through J.P. Morgan Infrastructure Investments Fund and ISQ Global Infrastructure Fund II, alongside targeted Asian real estate exposure via Invesco Asia Real Estate Fund III. It also holds a position in the J.P. Morgan Strategic & Special Situation Property Blend, a mixed-use real estate vehicle. A short-term investment fund in Chicago rounds out the liquid holdings. The fund's assets are invested under the supervision of the Bismarck City Police Pension Plan Board of Trustees, with administrative and financial oversight from the City of Bismarck. Investment management and advisory support is provided through the North Dakota Retirement and Investment Office, led by CIO Scott M. Anderson. The fund does not maintain a standalone investment staff. What distinguishes the Bismarck Police Pension Fund structurally is its integration with the broader North Dakota public pension ecosystem. Rather than building internal investment capabilities for a relatively small asset pool, the fund leverages the state-level Retirement and Investment Office for portfolio construction and manager selection. This hub-and-spoke model allows sub-scale municipal plans to access institutional-quality alternative investments — including venture capital and global infrastructure — that would be difficult to source and diligence independently.