# Oklahoma Public Employees' Retirement System

Oklahoma Public Employees' Retirement System is a Pension Fund based in Oklahoma City, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Oklahoma City, United States
- **Region:** North America
- **Address:** 5400 N Grand Boulevard, Suite 400, Oklahoma City, OK 73112-5625, United States
- **Founded:** 1964
- **Assets under management:** 6.5B (Altss estimate)
- **Website:** www.opers.ok.gov

## Regulatory record

- **Reports private funds:** No

## About

The Oklahoma Public Employees' Retirement System was established in 1964 to administer retirement benefits for Oklahoma's public workforce. Joseph Fox serves as Executive Director while Brad Tillberg acts as Chief Investment Officer. The board includes State Treasurer Todd Russ and Chair Grant Soderberg. Assets total $6.5 billion and sit primarily in public market securities. External managers include Westfield Capital Management for $2.279 billion in US equities, BlackRock Financial Management for $1.812 billion in enhanced fixed income, and State Street Global Advisors for $1.221 billion in passive US equities. Real estate exposure includes an $8 million direct holding in the Grand Centre office building in Oklahoma City and a $684 million position in the BlackRock US Real Estate Index Fund. International equity exposure runs through Mondrian Investment Partners. The system maintains 57 professionals at its Oklahoma City headquarters. It retains Northern Trust as master custodian, Verus Advisory as investment consultant, and Cavanaugh Macdonald Consulting as actuarial advisor. Memberships include NASRA, NCTR, and the Council of Institutional Investors. Governance follows state statute with a board of trustees that sets policy and selects external managers. No direct co-investment program or private equity allocation appears in current holdings.

## Sectors

- Public Pensions
- Equities
- Fixed Income
- Real Estate

## People

- Joseph Fox — Executive Director
- Brad Tillberg — Chief Investment Officer
- Grant Soderberg — Chair of the Board of Trustees

## Questions

### Who runs investment decisions at Oklahoma Public Employees' Retirement System?

Brad Tillberg serves as Chief Investment Officer and oversees manager selection and portfolio construction. Joseph Fox acts as Executive Director with overall responsibility for operations and board relations.

### Does Oklahoma Public Employees' Retirement System participate in fund commitments or only direct deals?

The system allocates almost entirely through external managers in public equities and fixed income. Holdings show no direct private equity or venture commitments.

### What asset classes does Oklahoma Public Employees' Retirement System hold?

Public equities, fixed income securities, and real estate index funds form the core. Specific positions include mandates with BlackRock, State Street, and Mondrian Investment Partners.

### Where does Oklahoma Public Employees' Retirement System custody its assets?

Northern Trust Company serves as master custodian. Additional service providers include Verus Advisory for investment consulting and Eide Bailly as independent auditor.

### Which industry associations does Oklahoma Public Employees' Retirement System belong to?

The system holds memberships in NASRA, NCTR, and the Council of Institutional Investors. These provide forums for pension administration and governance topics.

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

Canonical page: https://altss.com/profile/oklahoma-public-employees-retirement-system

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