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Orlando Police Pension Fund
The Orlando Police Pension Fund provides retirement and disability benefits for sworn officers of the Orlando Police Department. Governance rests with a...
Orlando Police Pension Fund
The Orlando Police Pension Fund provides retirement and disability benefits for sworn officers of the Orlando Police Department. Governance rests with a five-member Board of Trustees: two elected police officers, two mayoral appointees, and one position alternating between elected and appointed members. The board retains investment consultants and has historically delegated portfolio construction and manager selection to external advisors. Investment strategy centers on a traditional pension allocation with a heavy tilt toward private markets, particularly buyout funds. The fund's private-equity exposure reflects commitments to multiple buyout vehicles. Real estate holdings include stakes in commingled funds such as the TA Realty Core Property Fund and an Intercontinental Real Estate portfolio. The fund also participates in securities litigation claims as a recurring incidental position. The geographic focus of the real assets is concentrated in the United States, and the fund's private-equity manager roster skews toward middle-market buyout firms. The fund operates from Orlando, Florida, and functions as a component unit of the City of Orlando's financial reporting entity. It lacks a dedicated internal investment staff; instead, investment decisions filter through the trustee board with consultant support. The board and staff maintain membership in public-pension industry associations, including the Florida Public Pension Trustees Association, the National Association of State Retirement Administrators, and the National Conference on Public Employee Retirement Systems. These networks provide trustee education and peer benchmarking rather than co-investment club privileges. Fund-level deployment figures and total AUM have not been publicly disclosed. The fund's structural differentiator is not scale or a unique sourcing model but rather its governance architecture: a five-member board with statutory seats reserved for active police officers alongside political appointees. This design embeds workforce and municipal interests directly into fiduciary decisions, which shapes the pace of commitment pacing and the consultant-driven approach to private-markets entry. Unlike larger state funds that build internal direct-investment teams, the Orlando Police Pension Fund remains an allocator, channeling commitments through external fund managers and relying on trustee oversight rather than an internal CIO-led investment staff.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Orlando
Corporate office
Orlando, FL, United States
Principals
Jay Lionel Smith
Chairman of the Board of Trustees
Adam Krudo
Vice Chair of the Board of Trustees
Martin Carmody
Secretary of the Board of Trustees
Ryan McConnell
Trustee and Elected Police Officer
Katrina Laudeman
Trustee appointed by the Mayor
Sector focus
Frequently asked questions
Who runs investment decisions at the Orlando Police Pension Fund?
The five-member Board of Trustees holds fiduciary authority over all investment decisions. The board consists of two elected police officers, two mayoral appointees, and one seat alternating between elected and appointed trustees. Chairman Jay Lionel Smith, Vice Chair Adam Krudo, and Secretary Martin Carmody lead the board as of the most recent research record. The board engages external investment consultants for manager selection and portfolio construction rather than maintaining an internal investment staff.
How is the Orlando Police Pension Fund governed?
The fund operates under Florida state statute as a component unit of the City of Orlando. The board includes sworn police officers elected by the plan membership and trustees appointed directly by the Mayor of Orlando. This hybrid governance structure ensures both workforce representation and municipal oversight in fiduciary decisions. Investment policies, contribution rates, and benefit calculations require board approval.
What is the fund's approach to private equity?
The fund has consistently committed to buyout strategies across multiple fund vehicles, with the research record indicating at least six separate buyout commitments. These are intermediated fund commitments rather than direct investments or co-investments. The board relies on consultant recommendations to select middle-market buyout managers. There is no publicly reported allocation to venture capital or growth equity.
Does the Orlando Police Pension Fund invest in real estate?
Yes. The fund holds interests in at least two commingled real estate vehicles: the TA Realty Core Property Fund, which targets mixed-use properties, and an Intercontinental Real Estate portfolio focused on commercial assets. Both positions are within the United States. The real estate allocation is structured through external fund commitments rather than direct property acquisitions.
Does the fund participate in securities litigation claims?
Yes. The Orlando Police Pension Fund has served as a class representative or claimant in securities litigation actions. This is common among municipal pension funds and provides an incidental source of recoveries. The fund has participated in claims within United States federal courts, with recoveries typically flowing into the pension trust's general assets.
What professional associations does the fund belong to?
The fund and its trustees are active in the Florida Public Pension Trustees Association, the National Association of State Retirement Administrators, and the National Conference on Public Employee Retirement Systems. These memberships provide trustee education, benchmarking data, and policy advocacy. They do not confer co-investment rights or deal-flow access.
Has the Orlando Police Pension Fund disclosed its total assets under management?
No. The fund does not publicly disclose its total AUM or aggregate deployment figures. As a municipal pension plan not subject to SEC investment-adviser registration, it is not required to file a Form ADV. The most recent research record contains no AUM estimate, and the fund has not volunteered this data in industry surveys or public board materials.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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