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Fort Worth Employees' Retirement Fund
The Fort Worth Employees' Retirement Fund was established in 1945 by Fort Worth City Council ordinance. It provides defined-benefit pensions to municipal...
Fort Worth Employees' Retirement Fund
The Fort Worth Employees' Retirement Fund was established in 1945 by Fort Worth City Council ordinance. It provides defined-benefit pensions to municipal workers. Linda Webb became Executive Director in August 2023. Derrick Dagnan has served as Chief Investment Officer since 2020. The fund targets 18 percent private equity and currently holds 11.85 percent in the asset class. Confirmed commitments include JMI Equity Fund XII-A, Arlington Capital Partners VII, Clearlake Capital Partners V, and EQT Private Equity. Real estate exposure runs through AEW Partners Real Estate Fund X, American Landmark Fund IV, Clarion Lion Properties Fund, Invesco Core Real Estate - USA, and Prologis. Additional holdings include IPI Data Center Partners Fund I and life settlements within the inflation strategy. Allocations span North America and global markets. The fund employs 28 professionals. Elshad Garayev joined as Chief Financial Officer in July 2025. Service providers include Verus Advisory as general pension consultant, Aksia for private assets, Northern Trust as custodian, and Gabriel Roeder Smith & Company as actuary. The fund maintains memberships in NCPERS and TEXPERS. Governance rests with a Board of Trustees chaired by Doug Wilson. The City of Fort Worth serves as the plan sponsor under Texas Pension Review Board oversight. Investment decisions follow a delegated model with external consultants.
General information
Firm type
Pension Fund
Year founded
1945
AUM
2504 (Altss estimate)
Location
Region
North America
Country
United States
City
Fort Worth
Corporate office
3801 Hulen Street, Suite 101, Fort Worth, TX, United States
Principals
Linda Webb
Executive Director
Derrick Dagnan
Chief Investment Officer
Elshad Garayev
Chief Financial Officer
Doug Wilson
Chair of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at Fort Worth Employees' Retirement Fund?
Derrick Dagnan serves as Chief Investment Officer. Verus Advisory and Aksia provide external consulting support on asset allocation and manager selection.
Does Fort Worth Employees' Retirement Fund participate in fund commitments or only direct deals?
The fund commits as a limited partner to private equity and real estate funds. Holdings include JMI Equity Fund XII-A, Arlington Capital Partners VII, and American Landmark Fund IV.
What investment stages does Fort Worth Employees' Retirement Fund typically target?
Commitments cover buyout, growth, venture, and secondaries strategies. The private equity allocation sits at 11.85 percent against an 18 percent target.
Where does the underlying wealth come from?
The plan is funded by contributions from the City of Fort Worth and its employees. It was created by city ordinance in 1945 to provide retirement benefits.
How is Fort Worth Employees' Retirement Fund related to the City of Fort Worth?
The City of Fort Worth established the fund by ordinance in 1945. The city remains the plan sponsor under state oversight.
Does Fort Worth Employees' Retirement Fund maintain philanthropic structures?
No separate philanthropic vehicles are disclosed. The fund focuses solely on delivering retirement benefits to plan participants.
What is Fort Worth Employees' Retirement Fund's known posture on co-investments alongside external GPs?
The fund invests through fund commitments and limited partner positions. No direct co-investment program is detailed in available records.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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