# Norfolk (VA) Employees' Retirement System

Norfolk (VA) Employees' Retirement System is a Pension Fund based in Norfolk, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Norfolk, United States
- **Region:** North America
- **Address:** 810 Union Street, Norfolk, VA 23510, United States
- **Founded:** 1942
- **Assets under management:** 1422 (Altss research record) (Altss estimate)
- **Website:** www.norfolk.gov

## Regulatory record

- **Reports private funds:** No

## About

Norfolk (VA) Employees' Retirement System was established in 1942 as the retirement vehicle for City of Norfolk employees, excluding constitutional officers and school board staff. It operates as a single-employer defined benefit plan administered by its Board of Trustees. The fund maintains target allocations including 52% global public equities, 5% real estate, and 5% private equity. Confirmed holdings include commitments to JP Morgan Asset Management Strategic Property Fund, UBS Trumbull Property Fund, NexPhase Capital Fund V, Vitruvian Investment Partnership V, Lexington Capital Partners X, Flagship Pioneering Fund VIII, and KPS Special Situations Fund VI. Geographic exposure spans the United States and Europe. Meketa Investment Group serves as investment advisor and State Street Bank acts as custodian. The system maintains membership in the Government Finance Officers Association and National Association of Public Pension Attorneys. Governance rests with the ten-member Board of Trustees, with ex-officio participation from the City Manager and Director of Finance.

## Sectors

- Public Pension

## Questions

### Who administers investment decisions at Norfolk (VA) Employees' Retirement System?

A ten-member Board of Trustees oversees the plan. Ex-officio trustees include City Manager Patrick Roberts and Director of Finance Tasha D. Galloway.

### What asset classes does Norfolk (VA) Employees' Retirement System allocate to?

Allocations include global public equities, real estate funds, private equity, infrastructure, gold bullion and miners, and diversifying strategies such as trend following and global macro.

### Does Norfolk (VA) Employees' Retirement System invest in private equity?

Yes. The plan holds commitments to funds including NexPhase Capital Fund V, Vitruvian Investment Partnership V, Lexington Capital Partners X, and Flagship Pioneering Fund VIII.

## Related profiles

- [Accenture Defined Contribution Pension Plan](https://altss.com/profile/accenture-defined-contribution-pension-plan)
- [Rockefeller Brothers Fund](https://altss.com/profile/rockefeller-brothers-fund)

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

Canonical page: https://altss.com/profile/norfolk-va-employees-retirement-system

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