# West Palm Beach Police Pension Fund

West Palm Beach Police Pension Fund is a Pension Fund based in West Palm Beach, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** West Palm Beach, United States
- **Region:** North America
- **Address:** 2100 North Florida Mango Road, West Palm Beach, Florida, United States
- **Founded:** 1947
- **Assets under management:** $524.6 million
- **Website:** wpbppf.com

## Regulatory record

- **Reports private funds:** No

## About

The West Palm Beach Police Pension Fund was established in 1947 to deliver retirement benefits to local police officers. It provides a Deferred Retirement Option Plan and Share Plan. Jonathan Frost has served as chairman since 1989. The fund targets a 13.39 percent allocation to private equity against a 6.1 percent policy weight. Holdings include Taurus Private Markets Fund II and EnTrust Global vehicles. Real estate exposure centers on nine Florida projects developed with Affiliated Development, among them The Spruce, The Grand, and The Pierce in West Palm Beach and Boynton Beach. Additional commitments run through J.P. Morgan Asset Management funds. Assets stood at $492.8 million as of September 2024, supporting 246 active members and 344 retirees. The board retains AndCo Consulting, Meketa Investment Group, and Gabriel Roeder Smith for investment and actuarial work. The Fund for West Palm Beach Police, a related 501(c)(3) established in 1984, handles separate scholarship and community programs. Governance rests with a five-member board that mixes city appointees and police representatives. This structure ties investment decisions directly to plan sponsor and participant interests without external family or corporate overlay.

## Sectors

- Real Estate
- Private Equity

## People

- Jonathan Frost — Chairman of the Board of Trustees
- Dana M. Fragakis — Board Secretary
- Dave Williams — Plan Administrator

## Questions

### Who runs investment decisions at West Palm Beach Police Pension Fund?

The Board of Trustees sets policy. Jonathan Frost serves as chairman. External advisors include AndCo Consulting and Meketa Investment Group.

### Does the fund participate in fund commitments or only direct deals?

The fund holds both. It commits to Taurus Private Markets Fund II and EnTrust Global vehicles while taking direct minority positions in Florida real estate projects.

### What investment stages does the fund target?

Private equity exposure spans buyout, growth, and secondaries strategies. Real estate focuses on development and operating workforce housing assets.

### How is the fund related to Affiliated Development?

Affiliated Development acts as co-investor and development partner on multiple workforce housing projects including The Spruce and The Grand.

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Last updated: 2026-07-08T21:10:41.518Z

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