# New Castle County, DE

New Castle County, DE is a Pension Fund based in New Castle, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New Castle, United States
- **Region:** North America
- **Address:** 87 Reads Way, New Castle, DE, United States
- **Assets under management:** 524 (Altss estimate)
- **Website:** www.nccde.org
- **LinkedIn:** https://www.linkedin.com/company/new-castle-county

## Regulatory record

- **Reports private funds:** No

## About

New Castle County Employees' Pension Program was established to administer retirement benefits for county workers. Daniel McFadden leads the board of trustees that oversees the plan. The structure remains a single-employer defined benefit arrangement. The program deploys capital across public equities, fixed income, private equity, and real estate. It maintains commitments to Brookfield Capital Partners IV, HarbourVest Partners IX, and TA Realty Fund XIII. Additional holdings include Backcast Credit Opportunities Fund II and Nexus Special Situations Fund IV. Geographic exposure centers on the United States with some global private equity funds. External managers such as Independent Franchise Partners and Rhumbline Advisers run separate mandates. Assets total $524 million. The plan retains NEPC as investment advisor since 2013 and CliftonLarsonAllen as auditor since 2023. September 2024: The program attended the NEPC Annual Investment Conference. Trustees also participate in the Government Finance Officers Association and the International Foundation of Employee Benefit Plans. The plan operates under standard public pension governance with an elected board and named professional administrators. Service providers handle actuarial work, third-party administration, and investment oversight without an internal investment staff.

## Sectors

- Diversified
- Business Services
- Healthcare
- Information Technology

## People

- Daniel McFadden — Chairperson of the Board of Trustees
- David DelGrande — Chief Financial Officer and Trustee
- Frank Benevento — Pension Administrator
- Dolan Blakey — Chief Human Resources Officer and Trustee

## Questions

### Who runs investment decisions at New Castle County Employees' Pension Program?

Daniel McFadden chairs the board of trustees. David DelGrande serves as CFO and trustee. External advisor NEPC supports asset allocation and manager selection.

### Does New Castle County Employees' Pension Program participate in fund commitments or only direct deals?

The program invests through fund commitments. Confirmed holdings include Brookfield Capital Partners IV, HarbourVest Partners IX, and TA Realty Fund XIII.

### What asset classes does New Castle County Employees' Pension Program allocate to?

Allocations cover public equities, fixed income, private equity at 11 percent, and real estate. Holdings also include collective trusts and mutual funds.

### Which service providers support New Castle County Employees' Pension Program?

NEPC acts as investment advisor. CliftonLarsonAllen serves as external auditor. Gabriel, Roeder, Smith & Company provides actuarial services.

### Where does New Castle County Employees' Pension Program invest geographically?

The majority of commitments target the United States. Select private equity funds provide global exposure.

### How does New Castle County Employees' Pension Program source investments?

The program works with NEPC and participates in established fund offerings. It maintains memberships in the Government Finance Officers Association and the International Foundation of Employee Benefit Plans.

### What recent operational activity has New Castle County Employees' Pension Program recorded?

In September 2024 the program attended the NEPC Annual Investment Conference focused on investment strategy and market education.

## Related profiles

- [IPREJUN](https://altss.com/profile/iprejun)
- [Stoel Rives LLP](https://altss.com/profile/stoel-rives-llp)

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

Canonical page: https://altss.com/profile/new-castle-county-de

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