# Denver Employees' Retirement Plan

Denver Employees' Retirement Plan is a Pension Fund based in Denver, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Denver, United States
- **Region:** North America
- **Address:** 777 Pearl St, Denver, CO 80203, United States
- **Founded:** 1963
- **Assets under management:** 2.9B (Altss estimate)
- **Website:** derp.org
- **LinkedIn:** https://www.linkedin.com/company/denver-employees-retirement-plan

## Regulatory record

- **Reports private funds:** No

## About

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 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.

## Sectors

- Private Equity
- Real Estate
- Energy
- Infrastructure

## People

- Heather K. Darlington — Executive Director
- Randall Baum — Chief Investment Officer
- George Delaney — Chair of the Retirement Board
- James E. Thompson III — General Counsel

## 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.

### 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.

## Related profiles

- [Saskatchewan Municipal Employees' Pension Plan](https://altss.com/profile/saskatchewan-municipal-employees-pension-plan)
- [Cleveland Foundation](https://altss.com/profile/cleveland-foundation)

---

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

Canonical page: https://altss.com/profile/denver-employees-retirement-plan

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology