# District of Columbia Retirement Board

District of Columbia Retirement Board is a Pension Fund based in Washington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** 900 7th Street NW, 2nd Floor, Washington, DC 20001, United States
- **Founded:** 1979
- **Assets under management:** 12400 (Altss estimate)
- **Website:** dcrb.dc.gov
- **LinkedIn:** https://www.linkedin.com/company/dcrb

## Regulatory record

- **CRD number:** 167317
- **Latest Form ADV filing:** 2026-05-20T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/167317

## About

The District of Columbia Retirement Board was established in 1979. It manages two distinct plans covering police, firefighters and teachers. Gianpiero "JP" Balestrieri holds the Executive Director role. Current allocations include a 10.92 percent target to private equity. Confirmed holdings include Harrison Street Real Estate Partners V, Rockwood Capital Real Estate Partners Fund X, GEM Realty Fund VI and I Squared Global Infrastructure Fund IV. Additional commitments appear in Birch Hill Equity Partners VII, Centerbridge Capital Partners V and Tiger Infrastructure Partners Fund IV. Geographic exposure covers the United States, Europe and Canada. The board lists 35 service providers and relationships. Meketa Investment Group has served as general investment consultant since 2011. Northern Trust acts as master custodian. Board meetings occurred in January and February 2026. The board maintains membership in the Council of Institutional Investors. It also participates in the Defined Contribution Real Estate Council. Governance separates investment decisions from benefit administration through an independent agency structure.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## People

- Gianpiero "JP" Balestrieri — Executive Director
- Danny C. Gregg — Board Chair
- Joseph Bress — Vice Chair

## Questions

### Who runs investment decisions at District of Columbia Retirement Board?

Gianpiero "JP" Balestrieri serves as Executive Director. The board of trustees, chaired by Danny C. Gregg, sets policy.

### Does District of Columbia Retirement Board participate in fund commitments or only direct deals?

The board commits to private funds. Holdings include Harrison Street Real Estate Partners V and I Squared Global Infrastructure Fund IV.

### What asset classes does District of Columbia Retirement Board target?

Allocations cover private equity at 10.92 percent, real estate and infrastructure. Public equity positions include NVIDIA, Microsoft and Amazon.

### Where does District of Columbia Retirement Board maintain geographic exposure?

Investments span the United States, Europe and Canada through funds such as Orion European Real Estate Fund IV and Chequers Partners XVIII.

### Which consultants support District of Columbia Retirement Board?

Meketa Investment Group serves as general consultant since 2011. StepStone Group acts as alternatives consultant from 2025.

### How is District of Columbia Retirement Board structured relative to the DC government?

It functions as an independent agency. The structure separates investment management from benefit payments for the two named plans.

### Does District of Columbia Retirement Board belong to industry associations?

The board is a member of the Council of Institutional Investors. Tracy Harris serves as the elected representative.

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

Canonical page: https://altss.com/profile/district-of-columbia-retirement-board

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