Shelby Township Fire and Police Retirement System

The fund has concentrated its private markets program heavily in secondaries, committing to vehicles that purchase existing limited partner stakes in private equity funds. Board meeting records show multiple commitments to managers including Lexington Partners, Coller Capital, and Glendower Capital. This focus on portfolio sales and GP-led restructurings sets it apart from peers that typically spread commitments across primaries, co-investments, and secondaries.

The retirement system is governed by a local board whose members oversee the pension assets for Shelby Township's firefighters and police officers. The board reviews and approves commitments, typically with the support of an investment consultant. The names of current board members and any consultant are a matter of public record through Shelby Township but are not centrally aggregated.

While the fund's recent record shows a strong preference for secondaries, it has not publicly stated that it avoids primaries entirely. The pattern observed from public board meetings suggests secondaries represent the dominant and most active private markets allocation. Commitments are structured as limited partner interests in closed-end secondaries funds offered by established global managers.

Commitments appear to be sourced through a traditional institutional process: an investment consultant likely identifies and vets managers, with final approval by the board. The fund participates in fundraises by large, established secondaries platforms rather than pursuing direct secondaries purchases or co-investments in individual LP stake sales.

The fund does not publicly disclose an aggregate assets under management figure. State and local filings may contain some actuarial asset values, but the plan's own communications do not prominently report total AUM. The fund's size is likely modest — consistent with a municipal first-responder pension system — but no verifiable number is published.