Georgia Firefighters' Pension Fund

Georgia Firefighters' Pension Fund

The Georgia Firefighters' Pension Fund was established in 1955. It operates a defined-benefit plan that supplements primary retirement coverage for active and retired firefighters across the state. C. Morgan Wurst leads day-to-day investment and administrative functions. The fund allocates across public equities, fixed income, real estate, and private equity. Real-estate holdings include positions in Cohen & Steers Real Estate Trust, Clarion Lion Properties Fund, JP Morgan Strategic Property Fund, and Long Wharf Real Estate Partners VI. Private-equity exposure runs through HarbourVest Partners IX Buyout Fund, StepStone Group, and HPS Specialty Loan Fund V. All named commitments sit inside the United States. Assets total $1.257 billion. The fund retains Graystone Consulting and Callan Associates as investment advisors, Northern Trust and State Street Bank & Trust as custodians, and Cavanaugh Macdonald Consulting plus Milliman as actuaries. In March 2024 the fund participated as a speaker at the GAPPT Annual Conference in Savannah on pension governance topics. The plan maintains a board of trustees drawn from the firefighter community and participates in the Georgia Association of Public Pension Trustees. This structure ties governance directly to plan participants rather than to a sponsoring corporation or single family.