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Pinellas Park General Employees Retirement System
The Pinellas Park General Employees Retirement System provides retirement benefits for the non-uniformed municipal employees of Pinellas Park, Florida, a city...
Pinellas Park General Employees Retirement System
The Pinellas Park General Employees Retirement System provides retirement benefits for the non-uniformed municipal employees of Pinellas Park, Florida, a city in the Tampa Bay area. The plan is one of three city-sponsored pension funds, sitting alongside the Pinellas Park Police Officers' Pension Plan and the Pinellas Park Firefighters' Pension Plan. Kelly Schrader serves as the Finance Administrator for the City and is the named contact for the plan. The City of Pinellas Park acts as the plan sponsor, overseeing its administration and funding policy. The plan's investment strategy is heavily concentrated in private equity secondaries. Rather than building out a broad portfolio of primary fund commitments across various vintages and strategies, the fund targets limited partner stakes on the secondary market. This approach can allow the plan to acquire mature, often partially realized assets at discounts, seeking to reduce the blind-pool risk and J-curve effect typical of primary commitments. The plan participates in this activity through institutional secondary vehicles and platforms. Geographic scope is domestic, with no disclosed specific international allocation. The plan is a member of the Florida Public Pension Trustees Association (FPPTA), which provides trustee education and advocacy for Florida's municipal pension funds. FPPTA membership is common among the state's smaller municipal plans and offers access to educational conferences, governance best practices, and a peer network. No specific AUM or total deployment figure has been publicly disclosed. The plan operates as a single-city municipal pension fund with no additional regional offices. The structural differentiator for the Pinellas Park General Employees Retirement System is its uncommonly concentrated secondary-market focus for a plan of its scale. Most municipal pension funds in Florida allocate to private markets through primary fund commitments, often via a consultant-led diversified portfolio.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Pinellas Park
Corporate office
Pinellas Park, FL, United States
Principals
Kelly Schrader
Finance Administrator
Sector focus
Frequently asked questions
Why does this plan focus so heavily on secondary-market transactions?
A secondary-market strategy allows the plan to acquire existing LP fund stakes rather than making blind-pool commitments to new primary funds. This can reduce the J-curve effect and offer faster visibility into underlying assets. For a small municipal plan managing a closed pool of city-worker liabilities, the shorter duration and potential discount-to-NAV purchase opportunities can align well with liquidity needs.
What role does the Florida Public Pension Trustees Association play for this plan?
The Florida Public Pension Trustees Association (FPPTA) provides trustee education, governance training, and legislative advocacy for Florida's municipal pension funds. Membership gives the Pinellas Park board access to continuing education credits required by state statute, model governance documents, and a network of peer Florida plans.
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