New Castle County Employees’ Pension

The New Castle County Employees’ Pension Program is a defined benefit retirement plan established to serve the public employees of New Castle County, Delaware. The fund provides retirement, disability, and survivor benefits to eligible county employees, ensuring long-term financial security through prudent asset management and fiduciary governance. The pension system is managed by the New Castle County Board of Pension Trustees and supported by internal staff and external advisors who oversee the strategic direction and investment decisions of the fund.

As an institutional investor, the pension fund adopts a diversified asset allocation model, investing across public equities, fixed income, real estate, private equity, and alternative assets. The fund serves as a Limited Partner (LP) in private funds, including recent commitments to asset-based lending and structured credit strategies The investment objective is to achieve long-term returns that meet or exceed actuarial targets while maintaining a balanced risk profile and adequate liquidity to cover benefit payments.

The Pension Program emphasizes transparency, risk-adjusted performance, and responsible governance. It conducts regular board meetings, publishes financial reports, and works closely with actuaries and investment consultants to align portfolio strategy with funding obligations. ESG considerations and sustainability themes are increasingly being incorporated into its investment framework. The New Castle County Employees’ Pension Program remains committed to delivering retirement income security to its workforce while adapting to a complex and evolving market environment.