LP profile · Pension fund
Fire and Police Pension Association of Colorado
Fire and Police Pension Association of Colorado is a pension fund headquartered in United States (North America). Ranked #154 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Major Events
- No information available.
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.
Sources
- https://www.fppaco.org/history
- https://leg.colorado.gov/sites/default/files/images/fppa_2020_annual_report.pdf
- https://joinfppa.org/about-fppa.html
- https://publicpensions.org/colorado-historical-look-public-pensions/
- https://www.fppaco.org/investments
- https://leg.colorado.gov/sites/default/files/images/fppa_presentation_to_the_prc_-_september_13_2023.pdf