# Grand Forks (ND) Park District Pension Fund

Grand Forks (ND) Park District Pension Fund is a Pension Fund based in Grand Forks, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Grand Forks, United States
- **Region:** North America
- **Address:** Grand Forks, ND, United States
- **Founded:** 1905
- **Assets under management:** $25M–$100M (Altss estimate)
- **Website:** gfparks.org
- **LinkedIn:** https://www.linkedin.com/company/grand-forks-park-district

## Regulatory record

- **Reports private funds:** No

## About

The Grand Forks Park District Pension Fund operates as a public employee retirement vehicle tied to the municipal park district serving North Dakota's third-largest city. The fund's investment policy is set directly by the Park District Board of Commissioners, without a separate investment office or in-house CIO — making governance a board-level function rather than a delegated professional mandate. Executive Director George Hellyer manages day-to-day park district operations, while the pension's oversight runs through the same commissioner structure that approves recreational programming budgets. Asset allocation spans global fixed income, global real assets accessed through the North Dakota State Investment Board's pooled vehicles, and venture capital commitments. Real-asset holdings include a global mixed-use portfolio, with the state-level SIB relationship providing institutional access a standalone $25–100 million fund would struggle to obtain independently. Fixed-income positioning rounds out the liquidity profile, though specific duration targets and credit-quality constraints remain undisclosed. No separate corporate entity or trust structure has been identified. The plan's affiliation with the Grand Forks Parks & Recreation Foundation — a separate philanthropic entity — creates a parallel structure for community-funded park improvements distinct from pension assets, though governance overlap remains plausible given the shared park-district umbrella. Structural differentiation comes from the plan's position inside a municipal recreation agency rather than a standalone city pension board. This organizational nesting means the same commissioners approving soccer-field maintenance contracts also vote on venture-capital commitments and global real-asset allocations. For an LP sitting at the intersection of public-employee benefits and community-recreation governance, the unusual board composition creates a due-diligence question institutional allocators rarely encounter: who on this commission has the investment-committee experience to vet a venture fund's track record?

## Sectors

- Venture Capital
- Real Estate
- Fixed Income

## People

- George Hellyer — Executive Director, Grand Forks Park District
- Grand Forks Park District Board of Commissioners — Investment Policy Authority

## Questions

### Who sets investment policy for the Grand Forks Park District Pension Fund?

The Grand Forks Park District Board of Commissioners establishes and oversees investment policy. Unlike larger public plans that delegate to a dedicated investment committee or CIO, this fund's governance sits directly with the same board responsible for park operations and recreational programming. Executive Director George Hellyer manages district administration but does not appear in a named investment-officer capacity.

### What is the relationship between the pension fund and the Grand Forks Parks & Recreation Foundation?

The foundation operates as a separate philanthropic entity that raises private funds for park improvements, programming, and community recreation projects. It is not a pension-funding vehicle. However, board and staff overlap between the park district, the foundation, and the pension's governance structure is possible given the shared organizational umbrella, and deserves clarification in any due-diligence process.

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/grand-forks-nd-park-district-pension-fund-gfpd

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