City of Hollywood Employees' Retirement Fund

City of Hollywood Employees' Retirement Fund

The City of Hollywood Employees' Retirement Fund was created by municipal ordinance in 1958 to provide a monthly benefit for city employees and their surviving beneficiaries upon retirement, disability, or death. The Board of Trustees administers the fund solely in the interest of its participants, with Executive Director Christine Bailey leading day-to-day operations from the pension office building the fund itself owns at 2450 Hollywood Boulevard. The portfolio blends direct real assets with private-market commitments. The fund owns its own office building and a residential property — The Tropics in Hollywood, Florida — and allocates to an infrastructure portfolio with global exposure and a United States-focused private debt program. The strategy spans buyout, distressed debt, venture capital, and special situations, executed through a mix of primary fund commitments, co-investments, and secondaries. Specific underlying general partners and portfolio holdings beyond the two directly owned properties are not publicly itemized. Alongside its real-asset and private-debt positions, the fund maintains broad investment authority covering early-stage venture, growth equity, mezzanine, and turnaround strategies. Trustees and staff are active in the Florida Public Pension Trustees Association and the National Conference on Public Employee Retirement Systems, reflecting engagement with peer plans on governance and investment issues. The board includes Chair Phyllis Shaw, Vice Chair David Keller, and Secretary Robert Strauss. Structurally, the fund remains a single-city municipal plan — a small but growing subset of US public pensions that directly hold hard assets while mixing fund-of-funds and co-investment sleeves. Unlike larger state systems, its local real estate holdings make the pension office itself a portfolio asset.