# Woburn Retirement System

Woburn Retirement System is a Pension Fund based in Woburn, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Woburn, United States
- **Region:** North America
- **Address:** Woburn, MA, United States
- **Assets under management:** Undisclosed
- **Website:** woburnretirement.org

## Regulatory record

- **Reports private funds:** No

## About

Woburn Retirement System is a US-based pension fund serving public employees and qualified government workers. It focuses on investments in the private equity sector, specifically biotech and life science companies.

## Sectors

- Buyout
- Real Assets
- Natural Resources

## People

- Anne Speicher — Executive Director
- Denis P. Devine — Chairperson
- Charles E. Doherty — Ex Officio Member (City Auditor)

## Questions

### How is Woburn Retirement System governed?

The system is governed by a five-member board under Massachusetts General Laws and PERAC oversight. The board includes two elected members, two appointed members, and an ex officio member—the Woburn City Auditor. This structure, with fiduciary responsibility held by locally selected representatives, is standard for Massachusetts contributory retirement systems.

### Who makes investment decisions for the Woburn Retirement System?

Investment policy and manager selection are set by the board, which includes Chairperson Denis P. Devine, elected and appointed members, and ex officio member Charles E. Doherty. Day-to-day administration falls to Executive Director Anne Speicher. For assets deployed through the PRIT fund, the investment committee of the Massachusetts Pension Reserves Investment Management Board makes the underlying allocation and manager-selection decisions.

### Does Woburn Retirement System invest directly in private companies or only through funds?

The system invests through commingled fund structures and the PRIT Core Fund, not through direct co-investments or separately managed accounts. Its private-markets exposure comes via buyout fund commitments and the RS Global Natural Resources Fund. There is no indication of direct-deal or co-investment participation.

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- [WNY Asset Management](https://altss.com/profile/wny-asset-management)
- [Wocom Investment Management](https://altss.com/profile/wocom-investment-management)

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

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