# City of Jacksonville Police and Fire Pension Fund

City of Jacksonville Police and Fire Pension Fund is a Pension Fund based in Jacksonville, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Jacksonville, United States
- **Region:** North America
- **Address:** 1 West Adams Street, Suite 100, Jacksonville, FL 32202, United States
- **Founded:** 1937
- **Assets under management:** $2.4B (Altss estimate)
- **Website:** www.coj.net
- **LinkedIn:** https://www.linkedin.com/company/city-of-jacksonville

## Regulatory record

- **Reports private funds:** No

## About

The City of Jacksonville Police and Fire Pension Fund was established in 1937 to provide defined benefits for full-time sworn officers and firefighters in Jacksonville, Florida. Administered by Executive Director Timothy H. Johnson under the oversight of a five-member board of trustees, the fund operates with an unusually direct-touch approach to its private markets book for a municipal system — participating in co-investments, mezzanine debt, buyout, secondaries, and special situations rather than relying exclusively on fund-of-funds intermediaries. Private markets allocations show a bias toward real estate and credit-oriented structures. The fund is a limited partner in Harrison Street Real Estate Partners Fund IX, a vehicle targeting mixed-use and specialty real estate across the United States. It also owns its headquarters and an adjacent parking garage at 1 West Adams Street, a direct commercial property holding. Geographic exposure skews domestic, consistent with the local-government mandate. The pension fund participates in the Florida Public Pension Trustees Association, the standard continuing-education and advocacy network for Florida public-plan fiduciaries. Deputy Director Steve Lundy serves as the fund's designated ethics officer on Jacksonville's Ethics Coordination Council, providing direct accountability to municipal governance standards. The fund has not publicly disclosed a total professional headcount or firmwide deployment pace across recent fiscal years. The structural differentiator is achievable scale: a mid-sized municipal plan that can act nimbly inside private markets because its total pool is small enough to move on secondaries and direct co-investments without the pacing constraints of a $20 billion-plus state system — yet large enough to attract GPs seeking local-government limited partners with durable, non-cyclical contribution inflows from a mandatory-benefit payroll base.

## Sectors

- Real Estate
- Private Credit
- Secondaries & Special Situations

## People

- Timothy H. Johnson — Executive Director and Plan Administrator
- Captain Michael E. Lynch — Chair of the Board of Trustees
- Steve Lundy — Deputy Director and Records Custodian
- Terry Wood — Board of Trustees Secretary

## Questions

### Who makes investment decisions at the Jacksonville Police and Fire Pension Fund?

A five-member board of trustees holds fiduciary authority over asset allocation and manager selection. Captain Michael E. Lynch serves as Chair of the Board, and Timothy H. Johnson acts as Executive Director and Plan Administrator, managing day-to-day operations. The board structure is typical of Florida municipal pension plans, with sworn-officer representation among the trustees.

### How does the fund access private market investments?

The fund participates through multiple entry points: direct co-investments, secondary purchases, mezzanine debt, and buyout commitments. It is a known limited partner in Harrison Street Real Estate Partners Fund IX, a mixed-use real estate fund. The plan also holds direct interests in commercial property — its own headquarters and an adjacent parking garage in downtown Jacksonville.

### Does the fund allocate to public equities or only private markets?

Public equities and fixed income form the core of the portfolio, though the plan does not publicly break out its asset-class weights. The fund operates a securities lending program that generates incremental revenue on its public-markets book — an operational detail disclosed via Altss research.

### Is the Jacksonville Police and Fire Pension Fund part of the Florida Retirement System?

No. The Jacksonville Police and Fire Pension Fund is a separate single-employer plan distinct from the Florida Retirement System. It was established in 1937 specifically for Jacksonville's sworn police and fire personnel and is governed by its own board of trustees, not by the State Board of Administration that oversees FRS assets.

## Related profiles

- [City of Tallahassee Pension Fund](https://altss.com/profile/city-of-tallahassee-pension-fund)
- [University of Georgia Foundation](https://altss.com/profile/university-of-georgia-foundation-uga-foundation)

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/city-of-jacksonville

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