# Houston Metro

Houston Metro is a Pension Fund based in Houston, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Houston, United States
- **Region:** North America
- **Address:** 1900 Main Street, Houston, TX 77002, United States
- **Founded:** 1979
- **Assets under management:** 493 (Altss estimate)
- **Website:** ridemetro.org
- **LinkedIn:** https://www.linkedin.com/company/metropolitan-transit-authority-of-harris-county

## Regulatory record

- **Reports private funds:** No

## About

Houston Metro was established in 1979 as the public transit operator for Harris County. The authority funds two pension plans covering non-union staff and Transport Workers Union members. Those plans hold combined assets of approximately $450 million. The plans allocate across core open-end real estate funds, investment-grade fixed income, and private equity. Confirmed holdings include exposure to commercial properties in the United States and limited partnership interests in private equity vehicles. Geographic reach centers on Texas with additional U.S. real estate exposure. The organization employs 3,800 people and maintains its headquarters at 1900 Main Street in Houston. Marquette Associates serves as investment advisor and Garcia Hamilton & Associates manages the fixed income portfolio. In May 2024 the authority attended the NCPERS Annual Conference to discuss public pension governance. Houston Metro operates under oversight from the City of Houston and Harris County, which appoint the majority of its board. The structure separates the transit operating company from the two pension plans that it sponsors and funds.

## Sectors

- Infrastructure
- Real Estate

## People

- Sanjay Ramabhadran — Chairman of the Board of Directors
- Elizabeth Gonzalez Brock — Chair of the METRO Board of Directors

## Questions

### Who runs investment decisions at Houston Metro?

Marquette Associates acts as investment advisor. Garcia Hamilton & Associates manages the fixed income allocation. The board, chaired by Sanjay Ramabhadran, sets overall policy.

### Does Houston Metro participate in fund commitments or only direct deals?

The pension plans commit to core open-end real estate funds and private equity vehicles as limited partners. They also hold direct ownership of transit facilities and headquarters.

### What asset classes does Houston Metro allocate to?

Allocations include core open-end real estate, investment-grade fixed income, and private equity. The plans also maintain direct real estate ownership of rail lines and stations.

### Where does Houston Metro source its investment managers?

The authority retains Marquette Associates for advisory services and Garcia Hamilton & Associates for fixed income. Additional providers include Milliman for actuarial work and State Street Bank as custodian.

### How is Houston Metro related to the City of Houston?

The City of Houston and Harris County appoint the majority of the METRO board. The authority remains a separate public entity that operates transit services and sponsors its own pension plans.

## Related profiles

- [Wyncote Foundation](https://altss.com/profile/wyncote-foundation)
- [West Palm Beach Police Pension Fund](https://altss.com/profile/west-palm-beach-police-pension-fund)

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

Canonical page: https://altss.com/profile/houston-metro

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