# 10/28/26 Joint Retirement Investment Board

The Town of Fairfield Joint Retirement Investment Board met on October 28, 2026. Members approved the September 28 minutes after noting corrections to terminology and figures. BlackRock reported quarterly performance through September 30: pension assets were $556.7 million and OPEB assets were $122.7 million; equities were modestly positive while fixed income declined as interest rates rose. The board discussed private-equity fees and fiduciary oversight. BlackRock agreed to provide historical net-of-fee performance information and an illustrative longer-term fee/return model. It also reported that $600,000 had been committed to Adams Street for OPEB investments in October, with further capital calls expected in 2027.

Principal Asset Management reviewed its real-estate fund, including performance, leverage, occupancy, sector allocations, and market outlook. The fund reported 8.43% gross one-year returns, 297 basis points above its benchmark, and 93% occupancy; it had made 11 investments and disposed of three properties during 2026. Discussion covered prospective senior-housing investments, existing retail and data-center holdings, and possible real-estate valuation effects from higher rates. These were updates on the retirement portfolio’s investment activity, not Town procurement decisions; no bids, contract awards, or purchasing approvals were identified.

**Jurisdictions:** sled
**Published:** October 28, 2026

### Sources
- [10/28/26 Joint Retirement Investment Board](https://www.youtube.com/watch?v=4bgYF0LcNM8) - Town of Fairfield Connecticut Recorded Meetings