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Philadelphia Public Employees’ Retirement System
The Philadelphia Public Employees’ Retirement System operates as a public defined-benefit plan. Christopher DiFusco leads investment decisions.
Philadelphia Public Employees’ Retirement System
The Philadelphia Public Employees’ Retirement System operates as a public defined-benefit plan. Christopher DiFusco leads investment decisions. No founding date appears in available records. Allocations include public equity via RhumbLine Russell 1000 Index and O’Shaughnessy Asset Management, fixed income through JPMorgan Core Bond Fund, and real estate holdings in UBS Trumbull Property Fund and Clarion Lion Properties Fund. Private equity exposure runs through EIV Capital Partners Fund V, Franklin Park Co-Investment Fund VI, Abbott Capital Management, and Pathway Capital Management. Geographic reach covers the United States and Africa via African Development Partners III. The system lists 18 deals and maintains memberships in the Institutional Limited Partners Association and National Association of Securities Professionals. May 2024 attendance at the Dakota Public Plan Meeting covered private equity commitments. Service providers include Marquette Associates as investment consultant since 2010 and Cheiron as actuary since 2020. Governance sits with a board that includes the City Director of Finance and City Controller. Investment decisions flow through the CIO and external consultants rather than an internal direct-deal team.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Philadelphia
Principals
Christopher DiFusco
Chief Investment Officer
Francis Bielli
Executive Director of the Board of Pensions and Retirement
Rob Dubow
Board Chairperson and City Director of Finance
Sector focus
Frequently asked questions
Who runs investment decisions at Philadelphia Public Employees’ Retirement System?
Christopher DiFusco serves as Chief Investment Officer. Marquette Associates provides ongoing investment consulting.
Does Philadelphia Public Employees’ Retirement System participate in fund commitments or only direct deals?
The system commits to private equity funds and fund-of-funds. Holdings include Abbott Capital Management and Pathway Capital Management.
What asset classes does Philadelphia Public Employees’ Retirement System hold?
Public equity index funds, core real estate, fixed income, and private equity fund commitments form the portfolio.
Which regions does Philadelphia Public Employees’ Retirement System target?
United States real estate and private equity dominate. One commitment reaches Africa through African Development Partners III.
How is Philadelphia Public Employees’ Retirement System governed?
A board chaired by the City Director of Finance oversees policy. The CIO executes day-to-day allocations with external consultants.
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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