# City of Bismarck (ND) Police Pension Fund

City of Bismarck (ND) Police Pension Fund is a Pension Fund based in Bismarck, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Bismarck, United States
- **Region:** North America
- **Address:** Bismarck, ND, United States
- **Assets under management:** $50M–$150M (Altss estimate)
- **LinkedIn:** https://linkedin.com/company/city-of-bismarck

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Venture Capital
- Real Estate
- Infrastructure
- Private Credit

## People

- Dmitriy Chernyak — Finance Director, City of Bismarck
- Scott M. Anderson — Chief Investment Officer, North Dakota Retirement and Investment Office

## Questions

### Who makes investment decisions for the Bismarck Police Pension Fund?

Investment decisions are delegated to the North Dakota Retirement and Investment Office, under CIO Scott M. Anderson, which manages assets for multiple state and municipal pension plans. The Bismarck City Police Pension Plan Board of Trustees retains governance authority over plan administration. Day-to-day financial oversight involves the City of Bismarck's finance director, Dmitriy Chernyak.

### What alternative asset classes does the fund invest in?

Commitments include venture capital, global infrastructure, and Asian real estate. Known positions are J.P. Morgan Infrastructure Investments Fund, ISQ Global Infrastructure Fund II, J.P. Morgan Strategic & Special Situation Property Blend, and Invesco Asia Real Estate Fund III. The fund also maintains a liquid short-term investment pool domiciled in Chicago.

## Related profiles

- [City of Bismarck (ND) Employee Pension Fund (BCEPP)](https://altss.com/profile/city-of-bismarck-nd-employee-pension-fund-bcepp)
- [City of Cincinnati Retirement System (CRS)](https://altss.com/profile/city-of-cincinnati-retirement-system-crs)

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Source record modified: 2026-06-03T20:00:00.000Z

Last verified: not supplied by this public snapshot.

## Sources and provenance

Source links do not imply that every field was verified on the page modification date. See [Altss methodology](https://altss.com/methodology).

Canonical page: https://altss.com/profile/city-of-bismarck-nd-police-pension-fund-bcppp

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology