# Danbury Employees' Pension Plan Danbury Employees' Pension Plan is a Pension Fund based in Danbury, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Danbury, United States - **Region:** North America - **Address:** Danbury, CT, United States - **Assets under management:** Undisclosed - **Website:** danbury-ct.gov ## Regulatory record - **Reports private funds:** No ## About The Danbury Employees' Pension Plan functions as the defined-benefit retirement system for municipal workers in Danbury, Connecticut. The plan is governed by a pension board whose composition is prescribed by statute — the City Treasurer and the Mayor serve as permanent members, anchoring investment oversight within the city's senior financial and executive offices. Public records identify Daniel Garrick as the Director of Finance and Treasurer, making him the central administrative officer for the plan's operations. Investment strategy is overwhelmingly oriented toward private equity buyouts, with five of six reported mandates falling under that strategy classification. The plan's single identifiable non-buyout holding is a commitment to Penn Square Real Estate Fund, a commercial real estate vehicle. Team specifics remain undisclosed beyond the named board. The board's membership includes Sean Hearty, Joanne Read, and Thandi S. Bradix — who also serves as minutes taker — operating alongside Garrick and Mayor Roberto Alves. The plan does not publish meeting minutes or investment policies online in a centralized repository, which limits external visibility into asset allocation targets, actuarial assumptions, or manager-selection processes. No dedicated investment staff or external consultant relationships are publicly identified. Structurally, the plan is distinct for its governance model: embedding the mayor as a permanent voting member directly connects electoral political cycles to pension oversight. This design eliminates the insulation layer that many municipal plans build through independent citizen appointments. For GPs marketing to the plan, the access point is unambiguous — relationship-building runs through the Treasurer's office and a politically appointed board. No adjacent philanthropic or co-investment entities are associated with the plan's operations. ## Sectors - Real Estate - Buyout ## People - Daniel Garrick — City Treasurer and Director of Finance - Roberto Alves — Mayor of Danbury - Sean Hearty — Pension Board Member - Joanne Read — Pension Board Member - Thandi S. Bradix — Pension Board Member and Minutes Taker ## Questions ### Who runs investment decisions at the Danbury Employees' Pension Plan? The Pension Board holds fiduciary authority over investment decisions. Daniel Garrick, as City Treasurer and Director of Finance, serves as the permanent administrative lead, while Mayor Roberto Alves holds a permanent board seat by statute. Board members Sean Hearty, Joanne Read, and Thandi S. Bradix round out the voting body, with Bradix also recording official minutes. ### What is the plan's strategy allocation across asset classes? The plan's known commitments are heavily concentrated in private equity buyout strategies, with buyout mandates representing five of six reported allocations. The only identified non-buyout holding is a commitment to Penn Square Real Estate Fund, a commercial real estate vehicle. No public equity, fixed income, or hedge fund mandates have been identified in available disclosures. ### Does the plan invest directly or through fund commitments? Based on known commitments, the plan accesses alternatives exclusively through commingled fund structures. No direct co-investments, separate accounts, or internal management programs have been disclosed. The identified commitment to Penn Square Real Estate Fund is a fund investment, not a direct property acquisition. ### How does the plan's governance structure differ from other municipal plans? The board's composition ties investment governance directly to the city's elected leadership. The City Treasurer and the Mayor serve as permanent board members by statutory design, which means electoral outcomes directly determine half of the board's permanent composition. Many peer municipal plans insulate investment decisions behind independently appointed citizen boards. ## Related profiles - [Dallas Jewish Community Foundation](https://altss.com/profile/dallas-jewish-community-foundation-djcf) - [Danmarks Eksport og Investeringsfond (EIFO)](https://altss.com/profile/danmarks-eksport-og-investeringsfond-eifo) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/danbury-employees-pension-plan Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology