# City of Grand Forks Pension Fund

City of Grand Forks Pension Fund is a Pension Fund based in Grand Forks, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Grand Forks, United States
- **Region:** North America
- **Address:** Grand Forks, ND, United States
- **Founded:** 1881
- **Assets under management:** Undisclosed
- **Website:** grandforksgov.com
- **LinkedIn:** https://www.linkedin.com/company/the-city-of-grand-forks

## Regulatory record

- **Reports private funds:** No

## About

The City of Grand Forks Pension Fund operates as the retirement system for municipal employees of North Dakota's third-largest city. Governance rests with a Pension & Insurance Committee chaired by Mayor Brandon Bochenski, a former professional hockey player now serving in elected office. The committee includes city council members Danny Weigel and Bret Weber, alongside departmental representatives from the fire and finance divisions — a governance structure that blends political oversight with operational input from the city's uniformed services. The fund participates in the Public Pension Coordinating Council and the Government Finance Officers Association, holding recognition awards from both bodies for administrative and financial reporting standards. The fund pursues a broadly diversified investment strategy across multiple asset classes. Known commitments include positions in Invesco Real Estate U.S. Fund VI, targeting commercial properties across the United States, and Invesco Asia Real Estate Fund III, L.P., which provides exposure to Asian commercial real estate markets. The fund's team size and total assets are not publicly disclosed, consistent with many small municipal plans that release data only in comprehensive annual financial reports. The committee's composition — five named members spanning the mayor's office, city council, and key operating departments — points to a lean administrative footprint. No dedicated investment staff has been publicly identified, implying that asset allocation and manager selection may be executed with external consultant support or through a state-administered investment pool. The fund's structural differentiator lies in its governance hybrid: an elected mayor chairs the committee, but operational representation from fire and finance departments ensures that beneficiary interests and fiscal controls are embedded at the decision-making level. This architecture, typical of small-city pension systems in the Upper Midwest, creates a conservative, check-heavy investment culture — a posture reinforced by the fund's recognition from public-finance oversight bodies and its reliance on established institutional fund vehicles rather than direct deal-making.

## Sectors

- Real Estate

## People

- Brandon Bochenski — Mayor, Chairman of the Pension & Insurance Committee
- Danny Weigel — City Council Member, Pension & Insurance Committee
- Bret Weber — City Council Member, Pension & Insurance Committee
- Darren Schimke — Fire Department Representative, Pension & Insurance Committee
- Mike Vatnsdal — Finance Department Representative, Pension & Insurance Committee

## Questions

### How is the fund governed, and what checks exist on investment decisions?

Governance blends elected oversight with departmental representation. The five-member committee includes the mayor, two city council members, a fire department delegate, and a finance department delegate. This structure ensures that both political accountability and beneficiary interests — particularly from public-safety employees — are represented in investment oversight.

### Does the fund co-invest directly or operate through fund commitments?

The fund operates through established institutional fund commitments. Known allocations are to commingled Invesco real estate funds — a standard limited-partner posture. There is no public evidence of direct co-investment activity, separate accounts, or in-house deal sourcing.

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Source record modified: 2026-08-11T02:43:31.692Z

Last verified: not supplied by this public snapshot.

## Sources and provenance

- Organization website as recorded: https://grandforksgov.com/
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-grand-forks-nd-pension-fund

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