# Hampden County Regional Retirement Board

Hampden County Regional Retirement Board is a Pension Fund based in Agawam, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Agawam, United States
- **Region:** North America
- **Address:** 67 Hunt Street, Suite 202, Agawam, MA 01001, United States
- **Founded:** 1937
- **Assets under management:** 526 (Altss estimate)
- **Website:** hcrb.org
- **LinkedIn:** https://www.hcrb.org

## Regulatory record

- **Reports private funds:** No

## About

The Hampden County Regional Retirement Board was established in 1937 under Massachusetts General Laws Chapter 32. It serves 18 towns, nine housing authorities, three regional school districts and additional special districts. Karl J. Schmaelzle serves as chairman and treasurer; Karen P. Martin serves as executive director. Assets are invested primarily through the Pension Reserves Investment Trust Fund managed by the Massachusetts PRIM Board. The board also holds a 2.9 percent timberland allocation valued at $16.7 million and limited partnership interests in INVESCO Venture Partnership Fund III, Fidelity Real Estate Growth Fund III and Insight Partners Vision Capital II. Geographic exposure spans the United States and international markets via PRIT. The board maintains five staff members and belongs to the Massachusetts Association of Contributory Retirement Systems and the National Conference on Public Employee Retirement Systems. It attended the MACRS Educational Conference in June 2024 and the NCPERS Annual Conference in May 2024. Investment decisions are executed through the PRIM Board relationship rather than direct manager selection, creating a governance structure typical of smaller Massachusetts regional systems.

## Sectors

- Private Equity
- Real Estate
- Venture Capital

## People

- Karl J. Schmaelzle — Chairman and Treasurer
- Karen P. Martin — Executive Director

## Questions

### Who runs investment decisions at Hampden County Regional Retirement Board?

The board delegates day-to-day investment management to the Massachusetts PRIM Board through the PRIT Fund. Karl J. Schmaelzle chairs the board and Karen P. Martin serves as executive director.

### Does Hampden County Regional Retirement Board participate in fund commitments or only direct deals?

The board commits to limited partnerships including INVESCO Venture Partnership Fund III and Fidelity Real Estate Growth Fund III. It does not execute direct deals outside the PRIT vehicle.

### What asset classes does Hampden County Regional Retirement Board target?

The board targets a 16 percent allocation to private equity and maintains a 2.9 percent timberland position. Remaining assets sit in PRIT global equity and core fixed income portfolios.

### How is Hampden County Regional Retirement Board related to the PRIM Board?

The board invests the majority of its assets in the PRIT Fund managed by the Massachusetts Pension Reserves Investment Management Board. This relationship has been in place since at least 2008.

## Related profiles

- [Gonzaga University](https://altss.com/profile/gonzaga-university)
- [Industrifonden](https://altss.com/profile/industrifonden)

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

Canonical page: https://altss.com/profile/hampden-county-regional-retirement-board

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