Pension Fund

Updated:

Norfolk County Retirement System

The Norfolk County Retirement System was established in 1911 to deliver lifetime monthly benefits to eligible county employees. Michael G. Bellotti has served...

Norfolk County Retirement System logo

Norfolk County Retirement System

The Norfolk County Retirement System was established in 1911 to deliver lifetime monthly benefits to eligible county employees. Michael G. Bellotti has served as chairman while holding the elected post of county treasurer. Allocations include a 10.3 percent target to private equity with holdings in Hamilton Lane Co-Investment Fund II, Ascend Ventures II, Halpern Denny Fund III, and Prism Venture Partners V. Real estate commitments cover core and value-add vehicles such as PRISA, UBS Trumbull Property Fund, TA Realty Funds X-XII, and Intercontinental Real Estate Investment Fund. Geographic exposure centers on the United States with additional private equity and energy positions extending globally. The system maintains nine real estate fund positions and eight private holdings. It belongs to the Massachusetts Association of Contributory Retirement Systems and attended the MACRS Annual Spring Conference in Hyannis in June 2024. Service providers include Wainwright Investment Counsel as advisor since 2000 and BNY Mellon as custodian. Governance rests with a six-member board that combines elected, appointed, and ex-officio seats, creating direct county oversight of investment policy and actuarial assumptions.

General information

Firm type

Pension Fund

Year founded

1911

Location

Region

North America

Country

United States

City

Norwood

Corporate office

720 University Avenue, Suite 120, Norwood, MA, United States

Principals

Michael G. Bellotti

Chairman of the Board and Norfolk County Treasurer

Kathleen Kiely-Becchetti

Executive Director and Board Administrator

Josephine E. Shea

Elected Board Member

Edwin S. Little

Elected Board Member

Paul J. Connors

Appointed Board Member

Lisa J. Sinkus

Board Member

Sector focus

Private EquityReal EstateDiversified

Frequently asked questions

Who runs investment decisions at Norfolk County Retirement System?

Michael G. Bellotti chairs the board and serves as Norfolk County Treasurer. Kathleen Kiely-Becchetti acts as executive director. The six-member board sets policy and retains external managers.

Does Norfolk County Retirement System participate in fund commitments or only direct deals?

The system invests through fund commitments. Holdings include Hamilton Lane Co-Investment Fund II, TA Realty Funds, and multiple real estate vehicles.

What asset classes does Norfolk County Retirement System target?

Private equity receives a 10 percent target allocation. Real estate and public equities form the balance of the portfolio through external managers.

Where does Norfolk County Retirement System maintain its headquarters?

The system is based in Norwood, Massachusetts, at 720 University Avenue, Suite 120.

Which industry association does Norfolk County Retirement System belong to?

It is a member of the Massachusetts Association of Contributory Retirement Systems.

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