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Jul 16, 2025 · Related development

Board adds private infrastructure, placing $10 million with J.P. Morgan and $3 million with Brookfield

After presentations by J.P. Morgan and Brookfield in June 2025, the board amended its investment policy to add a 5% allocation to private infrastructure, moved from domestic equities, lowered the equity maximum to 65% with a 60% target, and approved allocations of $10 million to J.P. Morgan and $3 million to Brookfield.^[1]^[2]

Wells Fargo Advisors

What the sources say

✓ Verified
The board approved allocating $10 million to J.P. Morgan and $3 million to Brookfield for private infrastructure; in June it had discussed $10 million and $2 million. ^[1]^[2]
Jp morgan
$10,000,000
Brookfield
$3,000,000

Sources

1.Amarillo Firemen's Relief and Retirement Fund Board of Trustees minutes, June 18, 2025 — Amarillo Firemen's Relief and Retirement Fund Board of Trustees (via City of Amarillo CivicClerk), Jul 16, 2025 · retrieved Oct 22, 2026primarySubject-authoredPublished date is the approval date: approved at the meeting of July 16, 2025. Scanned minutes (OCR). Presentations by J.P. Morgan and Brookfield, private infrastructure managers.
2.Amarillo Firemen's Relief and Retirement Fund Board of Trustees minutes, July 16, 2025 — Amarillo Firemen's Relief and Retirement Fund Board of Trustees (via City of Amarillo CivicClerk), Aug 20, 2025 · retrieved Oct 22, 2026primarySubject-authoredPublished date is the approval date: approved at the meeting of August 20, 2025. Investment policy adds a 5% private infrastructure allocation; $10 million to J.P. Morgan and $3 million to Brookfield; 2024 annual financial report with two significant deficiencies.