# Peoria (Ill.) Firemen’s Pension Fund

Peoria (Ill.) Firemen’s Pension Fund is a Pension Fund based in Peoria, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Peoria, United States
- **Region:** North America
- **Address:** Peoria, IL, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The Peoria Firemen’s Pension Fund is a public defined-benefit pension plan established for firefighters employed by the City of Peoria, Illinois. Its board includes Matt Smith as President and Stefanie Tarr as Secretary and City Clerk. The fund allocates capital primarily via the Firefighters’ Pension Investment Fund (FPIF), a pooled vehicle that consolidates investments for all Illinois Article 4 firefighter pension funds. Through FPIF, the strategy includes exposure to real estate, private credit, infrastructure, and hedge funds — typical of institutional public pension portfolios seeking yield and diversification. Explicitly reported holdings include real assets in Chicago, such as Equity Residential, Equity LifeStyle Properties (commercial), plus First Industrial Realty Trust (industrial) and as well as cash accounts with Morton Community Bank. The fund participates in industry associations like the Illinois Public Pension Fund Association (IPPFA) and the Illinois Pension Federation Association (IPFA). While team size is not publicly disclosed, the board manages oversight with support from FPIF's professional investment team. A structural differentiator is the fund's consolidation into FPIF, which allows a relatively small municipal pension to access institutional asset classes and professional management that would be harder to achieve independently. This pooled model mirrors a trend among Illinois local pension funds seeking efficiencies through shared investment platforms.

## Sectors

- Real Estate
- Private Credit
- Infrastructure
- Hedge Funds

## People

- Matt Smith — President of the Board of Trustees
- Stefanie Tarr — Secretary of the Board and Peoria City Clerk

## Questions

### What is the Firefighters’ Pension Investment Fund (FPIF)?

FPIF is a consolidated investment vehicle created by Illinois law to pool the assets of local firefighter pension funds (Article 4 funds). It provides smaller municipal funds like Peoria’s access to institutional asset classes and professional investment management (per Illinois Public Act 100-0584).

### What types of assets does the Peoria Firemen’s Pension Fund invest in?

Through FPIF, the fund targets a diversified mix including real estate, private credit, infrastructure, and hedge funds. Direct holdings reported include commercial real estate in Chicago via Equity Residential and Equity LifeStyle Properties, plus industrial real estate via First Industrial Realty Trust (public record).

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

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