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Allocator Intelligence

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Find the institutions that commit to strategies like yours, and who advises them.

From public filings and registries, dated

What matters now

The allocator stories DFX is following

All allocator stories

From DFX Intelligence, the newsroom DFX writes from its own records. Each story links to the filings and announcements behind it.

DFX graphic: Private-fund commitments voted, by plan, May 6 to Nov 2, 2026, largest MainePERS $1.5B; Washington State Investment Board $550M; Illinois Police Officers Pension Investment Fund $450MDFX INVESTIGATIONMay 6 to Nov 2, 2026Public plan board materials, read by DFXDFX graphicPrivate-fund commitments voted, by planMainePERS$1.5BWashington StateInvestment Board$550MIllinois Police OfficersPension Investment Fund$450MAlaska RetirementManagement Board$300MVoted up to this amount

Institutional allocatorsInvestigation

Up to $4.3 billion voted to private funds in six months at 15 US pension boards DFX tracks, 34% to infrastructure and energy

49 votes, each counted once, read from the boards' own materials.

DFX investigationNov 2

  1. Institutional allocatorsAllocation

    Contra Costa's $814 million rebalance opens a long volatility sleeve

    DFX analysis, writtenSep 16

  2. Institutional allocatorsDFX Signals

    Minnesota SBI discloses seven commitments worth about $1.5 billion

    Reported, with DFX analysisSep 22

  3. Institutional allocatorsDFX Signals

    SWIB reports $704 million in 10 hires made under delegated authority

    Reported, with DFX analysisSep 9

  4. Institutional allocatorsAllocation

    Connecticut Retirement Plans and Trust Funds discloses three commitments worth $750 million

    Reported, with DFX analysisSep 9

Capital in motion

Where boards approved capital in the last year

All board approvals

Board approvals with the plan's own amount, dated by the meeting, from the 31 plans whose board records DFX reads, not every plan in the country. A plan's amount is its own commitment, never the fund's size; holdings reports are not decisions and are left out.

Private equity drew 155 of the 396 board approvals DFX read in the last 12 months: $17B of the $50B the plans stated.

Board approvals by asset class, 2025-11-06 to 2026-11-06, with the amount the plans stated. Each class opens its approvals.
CategoryBoard approvals with an amount
Private equity155 ($17B)
Asset class not stated56 ($7.4B)
Private credit52 ($9.5B)
Real estate49 ($4.7B)
Infrastructure35 ($4.1B)
Real assets16 ($2.8B)
Venture11 ($334M)
Public equity8 ($1.7B)
Board approvals by asset class, 2025-11-06 to 2026-11-06, with the amount the plans stated. Each class opens its approvals.

What are you looking for?

GP, IR, placement agent
I raise institutional capital

The plans holding the fund before the one you are raising, their consultant and staff, and open searches.

  • Re-up prospects
  • Open searches
  • Commitments on the record
9,303 commitments on the record
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Plan staff, investment office, OCIO
I allocate capital

What peer plans committed to, and which managers keep appearing across them.

  • Peer plans
  • Managers with commitments
  • Pacing on the record
1,220 managers with commitments
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Investment consultant, research, gatekeeper
I advise allocators

The plans and pools you could advise, who advises each one now, and what they committed to.

  • Plans and pools by size
  • Who advises each one now
  • Commitments that followed
16,018 allocators on the record
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Plans

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The methodology says what is measured, what is inferred, and what DFX does not claim.