FA
Fire and Police Pension Association of Colorado
Pension fund · Founded 1980 · Denver, United States
Who Fire and Police Pension Association of Colorado is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- The Fire & Police Pension Association of Colorado (FPPA) was established in 1980, following the passage of a 1979 state law that created a statewide retirement system for police officers and firefighters.
- Before the creation of FPPA, most of Colorado's police and fire pensions were locally managed and, by the 1970s, were facing significant underfunding issues.
Source of Capital
- FPPA's capital is primarily sourced from contributions made by its members, who are police officers, firefighters, and other first responders throughout Colorado.
- The association administers retirement and death and disability plans, investing the funds from these plans on behalf of its members.
Allocation Strategy
- FPPA allocates capital across a diverse range of asset classes, including global public equity, fixed income, private capital, and absolute return strategies.
- The association's investment horizon is long-term, and its strategy is based on long-term investment trends rather than short-term market fluctuations.
- As of September 2023, the target allocation for the FPPA Long-Term Pool included 38% to Global Public Equity, 10% to Fixed Income Rates, 9% to Absolute Return, and 6% to Equity Long/Short, among others. The board conducts an asset/liability study at least every three years to set allocation targets.
The funds Fire and Police Pension Association of Colorado backs.
Fire and Police Pension Association of Colorado is a limited partner in 149 funds. 15 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How Fire and Police Pension Association of Colorado’s fund book is spread.
The 149 funds Fire and Police Pension Association of Colorado backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 11980%
- Europe 2517%
- Rest of world 53%
United States 118 · United Kingdom 14 · Germany 3 · Hong Kong 2
How established those managers are
Managers grouped by how many funds they have raised. 50 emerging (three funds or fewer), 54 established — across the 104 of 149 with a fund history on record.
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Fire and Police Pension Association of Colorado by combined power-law score — North America first, then the nearest worldwide.