# City of Omaha Police & Fire Retirement System (COPFRS)

City of Omaha Police & Fire Retirement System (COPFRS) is a Pension Fund based in Omaha, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Omaha, United States
- **Region:** North America
- **Address:** Omaha, NE, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

COPFRS was established as a multi-employer public pension plan for Omaha police officers and firefighters, administered by a Board of Trustees that includes city finance officials and union representatives. The system's investment program combines fixed income, equities, and a growing allocation to alternative assets, with secondaries representing a recurring theme in its private portfolio strategy. The fund targets diversification through partnerships with institutional managers, focusing on private equity, real estate, and alternative credit opportunities. COPFRS has committed to a series of secondaries funds as a means to access liquidity and reposition its alternative portfolio. The system's geographic footprint centers on US markets, with Omaha serving as the operational hub. No audited AUM or total deployment figure has been publicly disclosed by the system. Professional staff include the city finance director acting as a liaison to the board. Adjacent philanthropic or operational vehicles have not been reported. The fund's structural differentiator is its transparent, labor-inclusive governance — the Board of Trustees features both management and union representation, making investment decisions that directly impact the city's public safety workforce.

## Sectors

- Secondaries

## People

- Stephen Curtiss — Finance Director
- John Wells — Trustee

## Questions

### Who makes the investment decisions at COPFRS?

The Board of Trustees, composed of city officials and representatives of the Omaha Police Officers Association and the Omaha Professional Firefighters Association, oversees investment strategy. Stephen Curtiss, Finance Director for the City of Omaha, serves as a key contact for the system. Day-to-day management is handled by city finance staff.

### What is the COPFRS investment strategy and asset allocation?

COPFRS operates as a defined-benefit pension plan allocating capital across public equities, fixed income, and alternatives. The system has a notable emphasis on secondaries, having committed to multiple secondary funds to manage its private market exposure. The specific asset allocation is not publicly disclosed.

### Does COPFRS participate in co-investments alongside general partners?

There is no public record of co-investments directly by COPFRS. The system's disclosed activity points to fund commitments rather than sidecar or direct co-investment deals.

## Related profiles

- [City of Dearborn Police & Fire Revised Retirement System](https://altss.com/profile/city-of-dearborn-police-and-fire-revised-retirement-system-chapter-23)
- [City of Revere OPEB Trust Fund](https://altss.com/profile/city-of-revere-opeb-trust-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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