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Town of Palm Beach
The Town of Palm Beach Health Insurance Trust formed in 2007 as a single-employer, defined-benefit post-employment healthcare plan for the town's retired...
Town of Palm Beach
The Town of Palm Beach Health Insurance Trust formed in 2007 as a single-employer, defined-benefit post-employment healthcare plan for the town's retired workers. Mayor Danielle Moore and Town Manager Kirk Blouin provide administrative oversight, with an Investment Advisory Committee guiding portfolio construction. The trust remains a closed, municipal vehicle — no external LPs, no marketing deck, no growth mandate. The trust carries roughly $43M in estimated assets (per Altss estimate), invested across a hybrid structure spanning buyout funds, venture capital, distressed debt, mezzanine, secondaries, and fund-of-funds commitments. The portfolio bears the hallmarks of a small municipal allocator using pooled vehicles to access asset classes a direct-only plan could not reach at this scale. Geographic concentration skews heavily toward US-based managers, consistent with the plan's South Florida domicile and municipal governance constraints. Strategy tags confirm stage-agnostic deployment from seed to late-stage venture alongside turnaround and distressed credit sleeves. The trust operates from Palm Beach Town Hall on South County Road. Beyond financial assets, the town holds physical property including Pan's Garden on Hibiscus Avenue and the Addison Mizner Memorial Fountain in Town Square. The trust participates in professional networks — the Palm Beach County League of Cities and Florida League of Cities — which provide peer benchmarking for municipal finance officers but no co-investment pooling. As of mid-2026, no recent operational event has been made public; the trust's last documented structural change was its 2007 founding. The trust's binding constraint is its origin. A post-employment healthcare trust for a single municipality of 9,000 residents cannot take the liquidity, concentration, or duration risk of a state-level pension. That makes the fund's sprawling strategy tag list deceptive — the plan likely accesses most categories in single-digit percentage allocations through fund-of-funds wrappers rather than building dedicated direct programs.
General information
Firm type
Pension Fund
Year founded
2007
Location
Region
North America
Country
United States
City
Palm Beach
Corporate office
360 South County Road, Palm Beach, FL 33480, United States
Principals
Danielle Moore
Mayor
Kirk Blouin
Town Manager
Sector focus
Frequently asked questions
Who runs investment decisions for the Town of Palm Beach OPEB trust?
An Investment Advisory Committee appointed by the Town of Palm Beach oversees portfolio decisions. Mayor Danielle Moore and Town Manager Kirk Blouin hold administrative oversight roles, though day-to-day investment management is delegated to external fund managers given the trust's small scale. The committee's specific membership and meeting frequency are not publicly disclosed.
Is the Town of Palm Beach trust a traditional pension or a healthcare-specific vehicle?
It is specifically an Other Post-Employment Benefits trust — a healthcare plan covering retired town employees and their dependents, not a standard pension paying cash retirement benefits. This means the liability stream is tied to medical inflation and retiree healthcare utilization rather than salary-replacement formulas.
Does the trust invest directly in private companies or only through funds?
The trust's strategy tags span buyout, venture, distressed debt, secondaries, and fund-of-funds, but at an estimated $43M in assets, direct co-investments would consume disproportionate due-diligence and governance resources for a municipal plan of this size. The presence of fund-of-funds in the strategy list suggests pooled access is the primary deployment method.
What geographic footprint does the trust's portfolio cover?
The trust's manager roster is concentrated in the United States, consistent with its status as a single-municipality Florida plan. No public disclosures suggest meaningful exposure to non-US managers or direct international holdings.
How is the trust related to the Town of Palm Beach's general budget?
The trust is a separate legal entity administered by the Town, but its funding obligations ultimately sit on the municipality's balance sheet as a post-employment liability. The trust does not draw on property-tax revenue for ongoing operations, though shortfalls could become a claim on the town's general fund.
What is the trust's posture on co-investments alongside external GPs?
There is no public record of the trust participating in direct co-investments. At $43M in total assets, co-investment minimums from middle-market private equity managers would risk single-name concentration beyond what a municipal healthcare trust's investment policy likely permits.
Does the trust maintain any philanthropic or community investment programs?
The trust itself does not operate a philanthropic arm. Separately, the Town of Palm Beach supports the Preservation Foundation of Palm Beach, but that entity is a community nonprofit funded by private donations, not trust assets. The trust's sole mandate is funding retiree healthcare obligations.
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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