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Pontiac (MI) Police & Fire Retirement System (PFRS)
Pontiac MI Police & Fire Retirement System — $209M public pension fund chaired by Craig Storum, investing in secondaries and real estate via external...
Pontiac (MI) Police & Fire Retirement System (PFRS)
Pontiac (MI) Police & Fire Retirement System (PFRS) is a public-sector defined-benefit pension fund headquartered in Pontiac, Michigan. Its founding dates to the city's establishment of retirement benefits for police and fire personnel, though the exact year is not publicly disclosed. The fund is governed by a board of trustees, including Chairman Craig Storum, Vice-Chairman and Police Trustee Lon Britton, and Mayor Tim Greimel as an ex-officio trustee. The fund's investment strategy spans multiple asset classes, with a tilt toward secondaries and special-situations strategies alongside real estate exposures. Known commitments include private funds such as Alidade Capital Fund IV (commercial real estate), American Core Realty Fund (mixed-use), and Bloomfield Capital Income Fund (commercial). The geographic footprint is US-centric, with a focus on institutional private-market vehicles managed by external partners. With an estimated AUM of $209M (Altss estimate), the fund operates a lean board structure without a disclosed internal investment team. The board draws on membership in organizations like the Michigan Association of Public Employee Retirement Systems (MAPERS) for trustee training and policy guidance. In 2025, the fund continues to focus on income-generating real estate and secondaries allocations as part of its liability-matching mandate. Structurally, PFRS differs from larger public pension systems by relying entirely on a volunteer board of trustees rather than a salaried investment staff. This governance model — common among smaller Michigan municipal plans — places investment decisions in the hands of city officials and elected union representatives, with asset allocation executed through third-party fund managers rather than direct co-investments.
General information
Firm type
Pension Fund
Year founded
—
AUM
Approximately $209M (Altss estimate)
Location
Region
North America
Country
United States
City
Pontiac
Corporate office
Pontiac, MI, United States
Principals
Craig Storum
Chairman and Independent Trustee of the Board
Tim Greimel
Mayor of Pontiac and Board Trustee
Lon Britton
Vice-Chairman and Elected Police Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at Pontiac PFRS?
Investment decisions are made by the board of trustees, chaired by Craig Storum. The board includes Mayor Tim Greimel and elected police and fire representatives such as Vice-Chairman Lon Britton. There is no disclosed internal CIO or investment staff; the board oversees asset allocation and selects external fund managers.
Does Pontiac PFRS invest through fund commitments or direct deals?
The fund appears to allocate exclusively through external commingled funds and limited partnerships. Known commitments include private real estate funds such as Alidade Capital Fund IV and American Core Realty Fund, as well as secondaries-focused vehicles. There is no evidence of direct co-investments or club deals.
What asset classes does Pontiac PFRS target?
The fund's known exposure includes secondaries, investment-grade fixed income, and private real estate (commercial and mixed-use). Allocations are managed through third-party funds, with a focus on income generation and capital preservation to meet defined-benefit obligations.
How is Pontiac PFRS governed?
The fund is governed by a board of trustees composed of city officials, elected public safety employees, and an independent chairman. The board meets regularly to approve asset allocations and manager selections. Governance support comes from membership in MAPERS and the International Foundation of Employee Benefit Plans.
What is the relationship between Pontiac PFRS and the City of Pontiac?
The City of Pontiac is the sponsoring municipal government. The mayor serves as an ex-officio trustee, and the city's financial management may influence funding contributions. The fund operates independently for investment purposes but is subject to Michigan state public pension oversight.
Does Pontiac PFRS publish an annual report or investment policy?
As a Michigan municipal pension fund, PFRS likely files annual financial disclosures with the Michigan Department of Treasury, but its investment policy statements or detailed allocation breakdowns are not publicly available online. The Altss estimate of $209M AUM is derived from available public filings.
What investment stages does Pontiac PFRS typically avoid?
The fund does not appear to target venture capital, hedge funds, or direct equity positions. Its strategy centers on lower- to moderate-risk private market strategies such as secondaries and real estate, consistent with a small public plan focused on cash flow and liability matching.
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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