Mobile Police and Firefighters' Pension Fund

Mobile Police and Firefighters' Pension Fund

The Mobile Police and Firefighters' Pension Fund was established in 1964 as a public pension plan. It operates as a single-employer defined benefit plan covering the City of Mobile's police and fire officers. The City of Mobile maintains oversight through its Board of Trustees. The fund deploys capital into fixed income holdings such as U.S. Treasury obligations and investment-grade corporate bonds. It maintains real estate mandates with American Realty Advisors and Everwest Real Estate Investors. Additional commitments include private equity vehicles from Constitution Capital Partners, HarbourVest and Levine Leichtman Capital Partners. Geographic exposure centers on the United States with some global private equity allocations. Assets total $263 million. The fund holds membership in the National Conference on Public Employee Retirement Systems. Service providers include Mariner Consulting as investment advisor and Wilkins Miller LLC as independent auditor. A March 2026 pension meeting addressed investment performance and administration topics. Governance rests with a Board of Trustees that includes active and retired public safety officers plus city officials. This structure ties investment decisions directly to the plan's municipal sponsor rather than external family or corporate entities.