FA
LP profile
Fire and Police Pension Association of Colorado
Pension fund · Founded 1980 · Denver, United States
149
VC firms backed
$7.0B
AUM
~$140M
Allocated to VC (est. 2%)
01 · Background
Who Fire and Police Pension Association of Colorado is.
- 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.
02 · Fund commitments
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; those lead, best-ranked first.
New Enterprise Associates
#8 Power Law
Insight Partners
#23 Power Law
CRV
#49 Power Law
Battery Ventures
#54 Power Law
Notable Capital
#61 Power Law
TCV
#67 Power Law
ARCH Venture Partners
#124 Power Law
Foundation Capital
#155 Power Law
TPG
#158 Power Law
SAIF Partners
#159 Power Law
Summit Partners
#168 Power Law
Greenspring Associates
#197 Power Law
Blackstone
#240 Power Law
Alchemy Partners
Apax Partners
Baring Asset Management
BID Equity
Bowmark Capital
Candover Partners
Coller Capital
CVC Capital Partners
Doughty Hanson Technology Ventures
Ethos Private Equity
FPE Capital
Gradiente
Incus Capital
Janchor Partners
Orchard Global Asset Management
Quadria Capital
03 · Allocation
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 — across the 104 of 149 with a fund history on record.
Emerging funds · 50
Established funds · 54
22
1
11
2
17
3
9
4
17
5-6
10
7-9
8
10-14
10
15+
Funds raised by the manager
04 · Other LPs
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.
🇩🇰
Industriens Pension
$31B AUM
84 VC funds backed
🇺🇸
Iowa Public Employees' Retirement System
$42B AUM
64 VC funds backed
🇺🇸
Virginia Retirement System
$100B AUM
72 VC funds backed
🇺🇸
Missouri Public School
$56B AUM
70 VC funds backed
🇺🇸
General Electric Pension Trust
$100B AUM
38 VC funds backed
🇺🇸
The Walt Disney Company Retirement Plan Master Trust
$28B AUM
10 VC funds backed
🇺🇸
Colorado PERA
$60B AUM
90 VC funds backed
🇺🇸
Memorial Sloan-Kettering Cancer Center Pension Plan
$5.6B AUM
23 VC funds backed