Daytona Beach Police and Firefighters' Pension Fund

Daytona Beach Police and Firefighters' Pension Fund

The Daytona Beach Police and Firefighters' Pension Fund, founded in 1959, administers retirement, death, and disability benefits for the city's sworn police officers and firefighters. The plan operates as a single-employer defined benefit pension fund under the governance of a dedicated Police and Fire Pension Board. It functions as a blended component unit of the City of Daytona Beach, drawing its financial resources from employee and employer contributions alongside investment returns. Despite its relatively modest size, the fund allocates across a notably diverse set of alternative strategies. Its portfolio includes direct exposure to professional real estate and infrastructure vehicles, with confirmed positions in the JPM Strategic Property Fund and Blackstone Infrastructure. The fund also commits to private equity through fund-of-funds structures and direct fund investments spanning buyout, growth equity, venture capital, mezzanine, and special situations strategies. The pension board and its trustees maintain active membership in the Florida Public Pension Trustees Association, the primary educational and networking body for public fund fiduciaries in the state. The fund's structure relies on a mix of external fund managers to execute its alternative investment program rather than a large internal investment team. No dedicated investment staff headcount or chief investment officer title is publicly disclosed. The fund's structural character is defined by its role as a municipal balance sheet participant — an asset owner that, unlike private family offices or endowment-style investors, operates under Florida public records law and trustee governance. Its ability to pair core public-market fixed-income and equity holdings with opportunistic commitments to institutional-quality private funds gives it a reach disproportionate to its reported asset base.