DFX Intelligence
Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
State retirement system
Mississippi Public Employees Retirement System (PERS)
State retirement systemstate generalMS
Assets
$34B
Total assets, Jun 30, 2024 derived
Funded
n/a
not filed
Private markets target
24.0%
policy Jun 30, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Jun 30, 2025
| Asset class (as printed) | Bucket | Target | Range | Actual | Gap | Basis |
|---|---|---|---|---|---|---|
| Cash & Equivalents | Cash | 1.0% | 0% to 2% | reported pers.ms.gov | ||
| Fixed Income | Fixed income | 18.0% | 13% to 23% | reported pers.ms.gov | ||
| Private Infrastructure | Infrastructure | 2.0% | 0% to 4% | reported pers.ms.gov | ||
| Private Credit | Private credit | 2.0% | 0% to 4% | reported pers.ms.gov | ||
| Private Equity | Private equity | 10.0% | 5% to 15% | reported pers.ms.gov | ||
| Domestic Equities | Public equity | 25.0% | reported pers.ms.gov | |||
| Global Equities | Public equity | 12.0% | reported pers.ms.gov | |||
| International Equities | Public equity | 20.0% | reported pers.ms.gov | |||
| Real Estate | Real estate | 10.0% | 5% to 15% | reported pers.ms.gov |
Consultants and advisers
4 firms
- Callan LLC General consultantthrough Jun 30, 2025 ACFR
- CavMac Actuarial Consulting Services Actuarythrough Jun 30, 2025 ACFR
- Cheiron Actuarythrough Jun 30, 2025 ACFR
- Gabriel, Roeder, Smith & Company Actuarythrough Jun 30, 2025 ACFR
People
3 roles
- Bill Benson VICE CHAIR, Elected by County EmployeesBoard chair
- Kelly Breland CHAIR, Elected by State EmployeesBoard chair
- H. Ray Higgins, Jr. Executive DirectorExecutive director / CEO
Manager roster
No manager relationship is on the tape for this allocator.
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
55 readings
What changed
2 events
- Jun 30, 2024Assets changedMississippi Public Employees Retirement System (PERS) fiduciary net position $31.6B -> $33.4B (+5.8%, 2023-06-30 to 2024-06-30)
- Jun 30, 2023Assets changedMississippi Public Employees Retirement System (PERS) total assets $31.5B -> $34.1B (+8.3%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 227707
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.