# Washington Metropolitan Area Transit Authority

Washington Metropolitan Area Transit Authority is a Pension Fund based in Washington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** 600 5th Street NW, Washington, DC 20001, United States
- **Founded:** 1967
- **Assets under management:** 650 (Altss estimate)
- **Website:** wmata.com
- **LinkedIn:** https://www.linkedin.com/company/wmata

## Regulatory record

- **Reports private funds:** No

## About

The Washington Metropolitan Area Transit Authority was established in 1967 by interstate compact to provide regional transit services. It administers retirement plans covering members of ATU Local 689, Local 922, Local 2, salaried personnel, and transit police. The authority targets a 5% allocation to private equity. It executes joint-venture developments including the 36-acre New Carrollton mixed-use project in Maryland and the Capitol Heights Blue Line corridor. Geographic scope covers the District of Columbia, Maryland suburbs, and northern Virginia. Confirmed holdings include direct ownership of the Eisenhower Office Building placed in service in FY2024. The authority employs no disclosed investment professionals beyond its CFO. It maintains memberships in the American Public Transportation Association and the Conference of Minority Transportation Officials. January 2024: Sponsored the Fleet of the Future Expo to unveil 8000-series railcar mockups. Governance rests with a board that includes a Vice Chair and labor-union representation; investment decisions flow through the CFO and external advisor Aon Hewitt.

## Sectors

- Infrastructure
- Real Estate

## People

- Randy Clarke — General Manager and CEO
- Dave Rickard — Executive Vice President and Chief Financial Officer

## Questions

### Who runs investment decisions at Washington Metropolitan Area Transit Authority?

Dave Rickard serves as Executive Vice President and Chief Financial Officer. External advisor Aon Hewitt provides investment and actuarial services.

### Does Washington Metropolitan Area Transit Authority participate in fund commitments or only direct deals?

The authority maintains a 5% target allocation to private equity. No specific fund commitments or direct co-investments are disclosed beyond real-estate joint ventures.

### What investment stages does Washington Metropolitan Area Transit Authority typically target?

No stage preferences are disclosed. Activity centers on real-estate joint ventures tied to transit infrastructure.

### How is Washington Metropolitan Area Transit Authority related to its labor unions?

ATU Local 689 is the primary labor partner and co-sponsor of the Transit Employees' Retirement Plan alongside the authority.

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

Canonical page: https://altss.com/profile/washington-metropolitan-area-transit-authority

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