# City of Omaha Police & Fire Retirement System

City of Omaha Police & Fire Retirement System 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
- **Website:** https://hr.cityofomaha.org/public-documents/retirement-systems

## Regulatory record

- **Reports private funds:** No

## About

The City of Omaha Police & Fire Retirement System (COPFRS) provides defined-benefit pensions for sworn public-safety employees of Nebraska's largest city. Finance Director Stephen Curtiss serves as the primary administrative contact for the plan, with Board of Trustees representation from John Wells, President of the Omaha Police Officers Association, and leadership of the Omaha Professional Firefighters Association — the two labor unions whose members constitute the plan's beneficiary base. The plan sponsor is the City of Omaha. COPFRS has built its alternatives program around secondaries — purchasing limited-partner interests from investors seeking early liquidity rather than committing to new primary funds. This emphasis on secondaries spans multiple vintages and fund types, creating a portfolio shaped more by discounted asset purchases at known valuations than by traditional pacing models. Specific general-partner relationships and portfolio holdings are not publicly itemized. The plan operates from Omaha with no disclosed satellite offices. Adjacent entities include the City of Omaha's finance department as administrator and the two member unions as governance participants. Team size and total assets under management are not publicly stated. The pension does not appear to maintain a dedicated website or publish regular investment committee materials online, limiting visibility into deployment pace, consultant relationships, or recent commitment activity. Most peer city plans diversify across primaries, co-investments, real assets, and credit.

## Sectors

- Secondaries & Special Situations

## People

- Stephen Curtiss — Finance Director
- John Wells — Trustee, President of the Omaha Police Officers Association

## Questions

### Who runs investment decisions at the City of Omaha Police & Fire Retirement System?

Finance Director Stephen Curtiss is the primary administrative contact for the retirement system. The Board of Trustees includes John Wells, who serves as President of the Omaha Police Officers Association, along with representatives of the Omaha Professional Firefighters Association. The board collectively oversees investment policy, while the City of Omaha acts as plan sponsor.

### Does COPFRS make direct investments or only fund commitments?

COPFRS's secondaries-focused strategy involves purchasing fund interests on the secondary market rather than making direct company investments or primary fund commitments. The plan has not publicly disclosed any direct co-investment program or separate direct-deal allocation. Its exposure to private equity comes through secondary transactions that give it access to mature, partially drawn-down fund portfolios.

### Where does COPFRS funding come from?

The retirement system is funded through contributions from the City of Omaha as the plan sponsor, with additional employee contributions from active-duty police officers and firefighters. The Omaha Police Officers Association and the Omaha Professional Firefighters Association are the labor unions representing the two beneficiary groups that participate in the defined-benefit plan.

### Is there a separate investment office or consultant for COPFRS?

No dedicated investment office or external investment consultant is publicly identified for COPFRS. The plan's administrative functions appear to sit within the City of Omaha's finance department under Stephen Curtiss. The absence of a standalone investment team or publicly disclosed consultant arrangement limits external visibility into sourcing, underwriting, and portfolio-construction decisions.

## Related profiles

- [City of Ocoee General Employees’ Retirement Trust Fund](https://altss.com/profile/city-of-ocoee-general-employees-retirement-trust-fund)
- [City of Orange Firemen's Relief & Retirement Fund](https://altss.com/profile/city-of-orange-firemen-s-relief-retirement-fund)

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

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