# Town of Palm Beach

Town of Palm Beach is a Pension Fund based in Palm Beach, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Palm Beach, United States
- **Region:** North America
- **Address:** 360 South County Road, Palm Beach, FL 33480, United States
- **Founded:** 2007
- **Assets under management:** $43M (Altss estimate)
- **Website:** townofpalmbeach.com
- **LinkedIn:** https://www.linkedin.com/company/townofpalmbeach

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare Services
- Real Estate
- Infrastructure

## People

- Danielle Moore — Mayor
- Kirk Blouin — Town Manager

## 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.

## Related profiles

- [Standish Management Retirement Plan](https://altss.com/profile/standish-management-retirement-plan)
- [City of Maitland Police and Firefighters' Pension Trust Fund](https://altss.com/profile/city-of-maitland-police-and-firefighters-pension-trust-fund)

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

Canonical page: https://altss.com/profile/town-of-palm-beach

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology