# Southfield Fire & Police Retirement System

Southfield Fire & Police Retirement System is a Pension Fund based in Southfield, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Southfield, United States
- **Region:** North America
- **Address:** Southfield, MI, United States
- **Assets under management:** Undisclosed
- **Website:** https://www.cityofsouthfield.com/

## Regulatory record

- **Reports private funds:** No

## About

The Southfield Fire & Police Retirement System serves as the defined-benefit plan for sworn public-safety personnel in the Detroit suburb of Southfield, Michigan. A board split between police and fire representatives, citizen appointees, and the city treasurer governs the fund. Its sole mission is delivering retirement security to first responders who spent careers inside Southfield's municipal boundaries. The fund's investment program is unusually concentrated. Direct co-investment activity appears minimal based on the board's documented manager-selection cadence. The system commits to middle-market and upper-middle-market buyout funds, sourcing access through institutional gatekeepers and consultant relationships typical of mid-sized municipal plans. No specific portfolio-company names are disclosed in public records. Megan Battersby serves as Retirement Program Director, managing day-to-day administration under the board's fiduciary oversight as of the latest public filings. The City of Southfield, through its treasurer Irv Lowenberg's board seat, maintains direct municipal liaison. The retirement system does not operate a separate foundation, club-deal vehicle, or co-investment platform based on available public records. No separate investment staff beyond the board and program director is publicly identified. The system's structural distinctiveness lies in its defiantly narrow mandate. Where most municipal pensions spread commitments across real estate, infrastructure, hedge funds, and diverse equity strategies, this fund has executed a near-single-asset-class bet on buyout managers. That concentration creates a binary outcome profile—amplified upside from successful of PE vintages, but limited diversification if buyout returns compress or liquidity gates tighten during a stress cycle.

## Sectors

- Buyout

## People

- John Fisher — President, Police Representative, Board of Trustees
- Duane Garth — Vice President, Citizen Representative, Board of Trustees
- Audrey Harvey — Secretary, Citizen Representative, Board of Trustees
- Irv Lowenberg — Trustee, City Treasurer
- Brent Wilson — Trustee, Fire Representative
- Megan Battersby — Retirement Program Director

## Questions

### What is the fund's primary investment strategy?

The system allocates overwhelmingly to private equity buyout strategies, based on its investment-board disclosures and manager-commitment patterns. This concentrated posture distinguishes it from more diversified municipal pension peers. The fund targets middle-market and upper-middle-market buyout vehicles.

### How is the pension governed relative to the City of Southfield?

The City of Southfield sponsors the plan, and the city treasurer holds a trustee seat on the board. This structure ensures direct municipal oversight of pension decisions. The board operates independently as a fiduciary body, with sworn personnel and citizen members sharing governance authority.

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Last updated: 2026-08-11T02:43:31.692Z

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