# St. Petersburg Firefighters’ Retirement System

St. Petersburg Firefighters’ Retirement System is a Pension Fund based in St. Petersburg, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** St. Petersburg, United States
- **Region:** North America
- **Address:** City of St. Petersburg Human Resources, One Fourth Street North 3rd Floor
- **Assets under management:** 540 (Altss estimate)
- **Website:** www.stpete.org

## Regulatory record

- **Reports private funds:** No

## About

The St. Petersburg Firefighters’ Retirement System operates as a defined benefit pension plan for city firefighters. It was established under the sponsorship of the City of St. Petersburg and remains distinct from the city’s general employees and police retirement systems. The fund allocates across public equities, fixed income, private real estate funds, and infrastructure vehicles. Current private equity exposure stands at 3.52 percent. Confirmed holdings include positions in U.S. Commercial Real Estate Funds and a Hedge Fund of Funds. Geographic exposure centers on the United States with additional global hedge fund commitments. Marquette Associates has served as investment advisor since 2010. The plan uses Wells Fargo as custodian and retains Nyhart for actuarial services. No recent operational events from the last 24 months appear in available records. The system participates in securities litigation as co-lead plaintiff alongside other Florida public funds including the St. Petersburg Police Officers’ Retirement System.

## Sectors

- Diversified

## People

- Stephen A. Carnegie — Pension Manager
- Brett Ciskoski — Board member

## Questions

### Who runs investment decisions at St. Petersburg Firefighters’ Retirement System?

Stephen A. Carnegie serves as Pension Manager. Brett Ciskoski represents the system on the board and in legal matters.

### What asset classes does the fund currently hold?

The portfolio includes public equities, fixed income, private real estate funds, infrastructure, and a hedge fund of funds allocation.

### How is the plan governed?

It functions as a single-employer defined benefit plan sponsored by the City of St. Petersburg and overseen by a board of trustees.

### Does the fund participate in securities litigation?

Yes. It has acted as co-lead plaintiff alongside the St. Petersburg Police Officers’ Retirement System and other Florida public funds.

### Which service providers support the plan?

Marquette Associates acts as investment advisor, Wells Fargo as custodian, Nyhart as actuary, and Cherry Bekaert as external auditor.

## Related profiles

- [PREVCOM](https://altss.com/profile/prevcom)
- [Maximai Investment Partners](https://altss.com/profile/maximai-investment-partners)

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

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