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City of Fort Lauderdale General Employees' Retirement System
The City of Fort Lauderdale General Employees' Retirement System was established in 1973 as a defined-benefit plan for city employees. The City of Fort...
City of Fort Lauderdale General Employees' Retirement System
The City of Fort Lauderdale General Employees' Retirement System was established in 1973 as a defined-benefit plan for city employees. The City of Fort Lauderdale acts as plan sponsor. A Board of Trustees oversees governance while Nick Schiess handles day-to-day administration. The fund targets a 6.75 percent return and holds private equity exposure through Capital Dynamics IV, V, and VI as well as HarbourVest Dover Street IX, X, and XI. Real estate commitments include the Invesco Core Real Estate Fund. Timberland and farmland mandates form part of the alternatives sleeve. Geographic reach centers on the United States with global private equity fund exposure. Assets total $749 million. The fund belongs to NCPERS. KeyBank serves as custodian since 2022. A March 2026 Board of Trustees meeting reviewed investment performance and actuarial valuations. The plan maintains a distinct legal structure from the city's police and fire funds, with investment decisions executed through external managers and a formal board process.
General information
Firm type
Pension Fund
Year founded
1973
Location
Region
North America
Country
United States
City
Fort Lauderdale
Corporate office
401 NE 4th Street, Suite 201, Fort Lauderdale, FL, United States
Principals
Lynn Wenguer
Chairperson of the Board of Trustees
Nick Schiess
Pension Administrator
Sector focus
Frequently asked questions
Who runs investment decisions at the City of Fort Lauderdale General Employees' Retirement System?
A Board of Trustees chaired by Lynn Wenguer sets policy. Nick Schiess serves as Pension Administrator for daily operations.
Does the fund participate in fund commitments or only direct deals?
The fund commits to private equity vehicles including Capital Dynamics and HarbourVest funds. It also holds positions in real estate and timberland mandates.
What asset classes receive allocations?
Private equity, core real estate, farmland, and timberland form the alternatives allocation. Public equities and fixed income complete the portfolio.
How is the fund related to the City of Fort Lauderdale?
The City is the employer and plan sponsor. The retirement system remains legally separate from the police and fire plans.
Which service providers support the fund?
Dahab Associates acts as investment advisor. Gabriel, Roeder, Smith & Company provides actuarial services. KeyBank has served as custodian since 2022.
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