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Palm Beach Gardens Police Pension Fund
The Palm Beach Gardens Police Pension Fund operates as a defined-benefit retirement plan for sworn officers of the City of Palm Beach Gardens, Florida.
Palm Beach Gardens Police Pension Fund
The Palm Beach Gardens Police Pension Fund operates as a defined-benefit retirement plan for sworn officers of the City of Palm Beach Gardens, Florida. Administered by a Board of Trustees chaired by Marc Glass, the fund provides lifetime retirement benefits to eligible police personnel. The City of Palm Beach Gardens acts as plan sponsor, with municipal employer contributions and employee deferrals funding the obligation. The fund deploys capital across public markets and directs a portion of its portfolio into private asset classes. Known allocations include private equity and US real estate, with a specific holding in the Intercontinental U.S. Real Estate Investment Fund, a mixed-use vehicle. The inclusion of private markets in a single-city police pension portfolio represents an institutional approach to diversification, supplementing traditional fixed-income and equity exposures with illiquid alternatives. The board includes five named trustees: Marc Glass as Chairman, alongside Greg Mull, Brad Seidensticker, Jay Spencer, and Sean O'Brien. The fund maintains membership in the Florida Public Pension Trustees Association, participating in trustee education and certification programs that reflect Florida's broader push toward pension governance standards. No AUM or total deployment figures are publicly disclosed. Unlike consolidated state investment pools that dominate Florida's public pension landscape, this fund operates as a standalone entity for a single municipal police department. That architecture concentrates governance in a local board and creates a direct line of accountability between the city's officers and the trustees managing their retirement assets.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Palm Beach Gardens
Corporate office
Palm Beach Gardens, FL, United States
Principals
Marc Glass
Chairman of the Board of Trustees
Greg Mull
Trustee
Brad Seidensticker
Trustee
Jay Spencer
Trustee
Sean O'Brien
Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at the Palm Beach Gardens Police Pension Fund?
The fund is governed by a Board of Trustees chaired by Marc Glass. Four additional trustees — Greg Mull, Brad Seidensticker, Jay Spencer, and Sean O'Brien — serve on the board. The fund participates in the Florida Public Pension Trustees Association for governance training, though day-to-day investment management details and whether the board delegates to an outside consultant are not publicly disclosed.
How is the fund structured — is it part of a larger state pension system?
No. The Palm Beach Gardens Police Pension Fund is a standalone defined-benefit plan for a single municipality's police department. It is not consolidated into the Florida Retirement System or any county-level pooled fund. The City of Palm Beach Gardens is the plan sponsor, and the fund operates under its own board of trustees.
Does the fund invest in private markets, or is it limited to public securities?
The fund's known allocations include private equity and US real estate. One identified holding is the Intercontinental U.S. Real Estate Investment Fund, a mixed-use real estate vehicle. The inclusion of illiquid alternatives signals an institutional approach to portfolio construction, though the size of these commitments as a percentage of total assets has not been disclosed.
What is the fund's total AUM?
The Palm Beach Gardens Police Pension Fund does not publicly disclose its current assets under management. Municipal police pension plans in Florida cities of comparable size typically hold tens of millions in assets, but no specific number has been reported by the fund or the city (Altss estimate).
Does the fund co-invest alongside external asset managers or operate solely as a limited partner?
The fund's known posture is that of a limited partner making commitments to pooled investment vehicles such as the Intercontinental U.S. Real Estate Investment Fund. There is no public record of direct co-investment activity, separate managed accounts, or general-partner stakes, though reporting on a plan of this size is limited.
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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