# Illinois Police Officers' Pension Investment Fund

Illinois Police Officers' Pension Investment Fund is a Pension Fund based in Peoria, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Peoria, United States
- **Region:** North America
- **Address:** 456 Fulton Street, Suite 402, Peoria, IL, United States
- **Founded:** 2020
- **Assets under management:** 12926 (Altss estimate)
- **Website:** ipopif.org
- **LinkedIn:** https://www.linkedin.com/in/illinois-police-officers-pension-investment-fund-8a50071a3

## Regulatory record

- **Reports private funds:** No

## About

The Illinois Police Officers' Pension Investment Fund was established by state legislation in 2019 and became operational in 2020. Richard White was appointed its first permanent Executive Director. The structure pools assets previously held by separate municipal plans. The fund allocates across public equities, real estate, and private credit. Confirmed holdings include the RhumbLine Russell 1000 Index Fund at approximately 2.93 billion USD, SSgA REITs Index Fund exposure, and Oaktree Global Credit Fund and Oaktree Strategic Credit Fund commitments. Geographic reach covers US markets and non-US developed and emerging equities. Ticket sizes for private market commitments range from 150 million to 450 million USD. Kent Custer serves as Chief Investment Officer and Greg Turk as Deputy CIO. The team maintains relationships with Verus Advisory, Albourne Partners, and State Street as custodian. In September 2024 the fund presented asset transition updates at the IPPFA MidAmerican Pension Conference. Board governance rests with elected trustees drawn from active police officers, including Chair Paul Swanlund. This structure keeps investment oversight tied directly to the contributing membership rather than external appointees.

## Sectors

- Real Estate
- Private Credit

## People

- Richard White — Executive Director
- Kent Custer — Chief Investment Officer
- Paul Swanlund — Board Chair
- Greg Turk — Deputy Chief Investment Officer

## Questions

### Who runs investment decisions at Illinois Police Officers' Pension Investment Fund?

Kent Custer serves as Chief Investment Officer and leads investment strategy. Greg Turk as Deputy CIO focuses on private markets implementation. The Board of Trustees, chaired by Paul Swanlund, sets overall policy.

### Does Illinois Police Officers' Pension Investment Fund participate in fund commitments or only direct deals?

The fund makes commitments to external vehicles including Oaktree credit funds. It also holds direct real estate separate accounts such as the Principal US Property Account.

### What investment stages does Illinois Police Officers' Pension Investment Fund typically target?

The fund targets long-term holdings with a minimum 10-year horizon. Allocations span public market index funds and illiquid private market investments valued quarterly.

### How is Illinois Police Officers' Pension Investment Fund related to Illinois Firefighters' Pension Investment Fund?

Both entities were created by the same consolidation legislation. They collaborate on legislative and educational initiatives while maintaining separate boards and asset pools.

## Related profiles

- [Pædagogernes Pension](https://altss.com/profile/p-dagogernes-pension)
- [Mineworkers' Pension Scheme](https://altss.com/profile/mineworkers-pension-scheme)

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Last updated: 2026-07-08T20:58:18.516Z

Canonical page: https://altss.com/profile/illinois-police-officers-pension-investment-fund

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