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Denver Employees' Retirement Plan
The Denver Employees' Retirement Plan was established in 1963 by ordinance of the City and County of Denver. It functions as a defined benefit plan providing...
Denver Employees' Retirement Plan
The Denver Employees' Retirement Plan was established in 1963 by ordinance of the City and County of Denver. It functions as a defined benefit plan providing retirement, disability, and death benefits. Governance rests with a board whose members are appointed by the Mayor. Target allocations include 9 percent to private equity and 13.5 percent combined to private equity and natural resources. Holdings include commitments to Adams Street 2016 Global Fund, Bain Capital Distressed Debt, Lime Rock Resources, and Kayne Anderson Energy Fund VIII. The plan also maintains exposure to real estate through AEW Capital Management, Invesco Real Estate, and Kayne Anderson. Geographic reach covers the United States and global markets via these vehicles. The staff numbers 27 professionals. The plan maintains membership in NCPERS, P2F2, and the Council of Institutional Investors. It uses NEPC as investment advisor since 2024 and UHY LLP as auditor. In May 2024 staff participated as speakers at the NCPERS Annual Conference on inflation and post-retirement benefits.
General information
Firm type
Pension Fund
Year founded
1963
Location
Region
North America
Country
United States
City
Denver
Corporate office
777 Pearl St, Denver, CO 80203, United States
Principals
Heather K. Darlington
Executive Director
Randall Baum
Chief Investment Officer
George Delaney
Chair of the Retirement Board
James E. Thompson III
General Counsel
Sector focus
Frequently asked questions
Who runs investment decisions at Denver Employees' Retirement Plan?
Randall Baum serves as Chief Investment Officer and manages investment duties and risk exposures. NEPC acts as the current investment advisor with Rose Dean as primary contact.
Does Denver Employees' Retirement Plan participate in fund commitments or only direct deals?
The plan commits as a limited partner to external funds including Adams Street Global Funds, Bain Capital Distressed Debt, and Kayne Anderson Energy Fund VIII.
Where does the underlying wealth come from for Denver Employees' Retirement Plan?
The plan is a defined benefit pension sponsored by the City and County of Denver and participating employers such as Denver Health and Hospital Authority.
What investment stages does Denver Employees' Retirement Plan typically target?
Allocations cover buyout, growth capital, distressed debt, secondaries, and natural resources through fund commitments.
How is Denver Employees' Retirement Plan related to the City and County of Denver?
The City and County of Denver established the plan by ordinance in 1963 and remains the primary sponsoring employer and government entity.
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