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New Orleans Firefighters' Pension and Relief Fund
The New Orleans Firefighters' Pension and Relief Fund (NOFFPF) provides retirement and disability benefits to the city's fire suppression personnel. Thomas F.
New Orleans Firefighters' Pension and Relief Fund
The New Orleans Firefighters' Pension and Relief Fund (NOFFPF) provides retirement and disability benefits to the city's fire suppression personnel. Thomas F. Meagher III serves as Secretary-Treasurer, overseeing day-to-day administration. The fund operates under Louisiana state statutes and participates in the Louisiana Association of Public Employees' Retirement Systems (LAPERS). Its board includes ex-officio representation from the fire department, with Superintendent Roman Nelson holding a seat. The fund deploys capital across public equities, fixed income, and a growing alternatives portfolio that includes real estate and venture capital. Real property holdings recorded in Louisiana and Mississippi include the Lakewood Restoration Partners mixed-use development in New Orleans and a land position in Biloxi. The fund's headquarters at 5710 General Haig Street is itself a directly owned commercial asset. In venture capital, the fund has exposure through an entity referenced as Fire Game (TGGI), a publicly traded vehicle tied to its investment activities. NOFFPF maintains reciprocal membership arrangements with the Municipal Employees' Retirement System of Louisiana (MERS), allowing service transfers for employees moving between city agencies. The fund is affiliated with the International Association of Fire Fighters through New Orleans Local 632. Its alternative investment posture — blending local real estate development with venture capital commitments — reflects a willingness to deviate from conventional public pension allocations. Unlike the larger statewide Louisiana teachers' and state employees' retirement systems, NOFFPF operates with city-level governance, making its board directly accountable to municipal stakeholders. This structure allows it to pursue localized real estate projects that larger state funds often bypass, while still accessing national venture strategies through fund commitments and co-investments.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
New Orleans
Corporate office
New Orleans, LA, United States
Principals
Thomas F. Meagher III
Secretary-Treasurer
Roman Nelson
Ex-Officio Board Member (Superintendent of Fire Department)
Sector focus
Frequently asked questions
Who runs investment decisions at the New Orleans Firefighters' Pension and Relief Fund?
The fund is administered by Secretary-Treasurer Thomas F. Meagher III, with oversight from a board of trustees that includes ex-officio member Roman Nelson, Superintendent of the New Orleans Fire Department. The board sets investment policy, typically with support from an external investment consultant. Specific delegated authority thresholds are a matter of public record through board meeting minutes.
Does NOFFPF invest directly in real estate or only through funds?
The fund holds direct real estate assets, including its own headquarters building at 5710 General Haig Street in New Orleans and the Lakewood Restoration Partners mixed-use development, also in New Orleans. It also holds a land position in Biloxi, Mississippi. These direct holdings sit alongside traditional fund commitments across asset classes.
What is NOFFPF's connection to the City of New Orleans budget?
The City of New Orleans is the primary employer sponsor and a key funding source for the pension fund. City contributions, along with employee member contributions and investment returns, fund the plan's liabilities. The fund's actuarial health is a recurring topic in municipal budget negotiations.
How does NOFFPF's investment strategy compare to other Louisiana public pension funds?
NOFFPF is smaller and more city-focused than statewide peers like the Teachers' Retirement System of Louisiana or the Louisiana State Employees' Retirement System. Its direct real estate holdings in New Orleans and Biloxi — and its venture capital activity through vehicles like Fire Game (TGGI) — suggest a higher tolerance for local, direct, and alternative exposures than some of the larger, more conservatively positioned state funds.
Does NOFFPF participate in co-investments alongside other Louisiana public funds?
There is no published evidence of formal co-investment programs with other Louisiana public pension funds. The fund's relationship with the Louisiana Association of Public Employees' Retirement Systems (LAPERS) provides a forum for collaboration, but investment decisions remain independent. Its reciprocal membership relationship with MERS covers service credit transfers for employees, not investment pooling.
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