# St. Paul Teachers' Retirement Fund Association

St. Paul Teachers' Retirement Fund Association is a Pension Fund based in Saint Paul, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Saint Paul, United States
- **Region:** North America
- **Address:** 2550 University Ave W STE 312 N, Saint Paul, MN, United States
- **Founded:** 1909
- **Assets under management:** 1408 (Altss estimate)
- **Website:** sptrfa.org

## Regulatory record

- **Reports private funds:** No

## About

The St. Paul Teachers' Retirement Fund Association was founded in 1909 to serve teachers employed by St. Paul Public Schools. Phillip Tencick serves as Executive Director and CIO while Lori Borgeson chairs the board of trustees. Allocations include commitments to private equity through SP/FP Private Equity Fund and Venture Investment Associates. Real estate exposure runs through AEW Core Property Trust, PRISA III, Phoenix Real Estate Fund XI, and Dune Real Estate Partners funds. Additional positions cover private credit vehicles from Ares and TCW. The geographic focus centers on the United States with some global alternatives. The fund reported $1.408 billion in assets. It maintains memberships in the National Council on Teacher Retirement and the Legislative Commission on Pensions and Retirement. Service providers include Meketa Investment Group as general consultant and Gabriel, Roeder, Smith & Company as actuary. Governance links the fund directly to its single employer, St. Paul Public Schools, with investment decisions executed through external managers and consultants rather than internal direct deal teams.

## Sectors

- Private Equity
- Venture Capital
- Private Credit
- Real Estate

## People

- Phillip Tencick — Executive Director and Chief Information Officer
- Lori Borgeson — President of the Board of Trustees

## Questions

### Who runs investment decisions at St. Paul Teachers' Retirement Fund Association?

Phillip Tencick serves as Executive Director and Chief Information Officer. External consultants including Meketa Investment Group support allocation and manager selection.

### Does St. Paul Teachers' Retirement Fund Association participate in fund commitments or only direct deals?

The fund invests primarily through fund commitments and commingled vehicles. Holdings include limited partner positions in private equity, venture, private credit, and real estate funds.

### What investment stages does St. Paul Teachers' Retirement Fund Association typically target?

The fund targets buyout, early-stage venture, and expansion strategies through its private equity and venture allocations.

### How is St. Paul Teachers' Retirement Fund Association related to St. Paul Public Schools?

St. Paul Public Schools serves as the single employer whose teachers receive benefits administered by the fund.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/st-paul-teachers-retirement-fund-association

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