Summary

Port Orange Police Officers’ Pension Board — November 17, 2025: Investment report, IPS update, and $3.5M private equity commitment

Port OrangeNov 17, 20253 min read

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The Police Officers’ Pension Board met November 17, 2025 in the Police Department Training Room. The board ratified routine expenditures, accepted an investment performance report showing quarter‑end market value of ~$77.67M, approved an updated Investment Policy Statement addressing new statutory restrictions, and approved a $3.5 million commitment to 50 South Private Equity Core Fund XII (to be funded by capital calls from domestic equity). The board also ratified a member’s entry into DROP, set 2026 quarterly meeting dates, and acknowledged the FY 2024/2025 detailed accounting report.

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City Council

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LaborBudget & TaxPublic Safety

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Key decisions

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Approved minutes of the August 18, 2025 quarterly meeting.
Ratified plan expenditures: items 1–12 and items 17–19 as recommended (motion carried unanimously).
Ratified Freiman Little Actuaries invoices (items 13–16) separately (motion carried unanimously).
Accepted the investment performance report for the quarter ended September 30, 2025.
Approved updated Investment Policy Statement incorporating restriction on direct investments in entities that boycott Israel (per recent legislation).
Committed $3.5 million to 50 South Private Equity Core Fund XII (Offshore); funding to come from domestic equity as capital calls occur (motion carried unanimously).
Ratified normal retirement benefit for Lt. Thomas Aiken upon entry into DROP effective September 1, 2025.
Acknowledged receipt of the detailed accounting report for Fiscal Year 2024/2025 (total administrative expenses $234,381.12) and directed posting to the City website.
Set 2026 quarterly meeting dates (Mondays at 2:00 p.m.): Feb 23, May 18, Aug 17, Nov 16, 2026.
Directed plan administrator to provide the revised IPS to the Division of Retirement and others as required.

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Meeting information

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Police Pension Board Meeting

Nov 17, 2025, 2:00 PM4545 Clyde Morris Blvd, Port Orange, FL 32129completed

Agenda

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Documents from this meeting

Minuteshttps://portorangefl.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=8228,plainText=false)

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