Mississippi Public Employees Retirement System (PERS)
State retirement system, based in Mississippi, reporting $34B in assets, for 365,123 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: Jun 24, 2026, $75M approved across 1 fund on Jun 24, 2026: TPG-Angelo Gordon Realty Value Fund XII $75M.
4 more people, 1 more adviser, 42 more commitments and 5 more dated events
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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People to know
View all people- Chief Investment OfficerWhy: Chief investment officer: owns the allocation decisionNo route on file yet
Capital path
who backs this record, through what, into what; each name opens its own path- Charles NielsenChief Investment Officer
- Bill BensonVICE CHAIR, Elected by County Employees
- Kelly BrelandCHAIR, Elected by State Employees
- Westbrook RE Fund XI1 commitment
- Westbrook RE Fund XII1 commitment
- AG Realty Value Fund XI1 commitment
- TPG Angelo Gordon$75.0M across 4 commitments
- TA Realty$75.0M across 1 commitment
Relationship network
61 connected entities45 observed commitments1 repeat counterparty$150M disclosed commitments (2 commitments)7 dated commitments shown here, 2025 to 2026
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Person
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesState retirement systemShowHide
Allocation policy
| 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
- Callan LLC General consultantthrough Jun 30, 2025 ACFR
- Cheiron Actuarythrough Jun 30, 2025 ACFR
- Gabriel, Roeder, Smith & Company Actuarythrough Jun 30, 2025 ACFR
+1 more consultant or adviser advise this allocator
Every name, record and relationship behind this count, with the source on each.
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People
- Charles Nielsen · Chief Investment OfficerWhy this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
- Bill Benson VICE CHAIR, Elected by County EmployeesBoard chair
- Kelly Breland CHAIR, Elected by State EmployeesBoard chair
+4 more people on the investment staff and board
Every name, title and published role at this allocator, with the page it was read from.
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Manager roster
- TPG Angelo Gordon$75.0M, 4 rows, 2 re-ups, latest Jun 30, 2026
- TA Realty$75.0M, 1 row, 1 re-ups, latest Aug 27, 2025
What changed
- Jun 24, 2026Commitment recommendedPERS Mississippi (invests itself) considers an undisclosed amount to Realty Value Fund XII (TPG/ Angelo Gordan)
- Jun 24, 2026Manager terminatedPERS Mississippi (invests itself) terminates Harding Loevner (Global Public Equity)with Harding Loevner LPpers.ms.gov
- Jun 24, 2026Commitment approvedPERS Mississippi (invests itself) approves $75M to TPG-Angelo Gordon Realty Value Fund XIIwith TPG Angelo Gordonpers.ms.gov
- Jun 23, 2026Commitment recommendedPERS Mississippi (invests itself) is recommended an undisclosed amount to Realty Value Fund XII (TPG/ Angelo Gordon)with TPG Angelo Gordonpers.ms.gov
- Aug 27, 2025Search openedPERS Mississippi (invests itself) opens a ACWI ex US All Cap searchwith Baillie Giffordpers.ms.gov
+5 more dated events
Every name, record and relationship behind this count, with the source on each.
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Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Jun 30, 2026 | TA Associates Realty Fund XII | unresolved | Real estate | $73.3M held | Disclosed holding | pers.ms.gov | |
| as of Jun 30, 2026 | Pathway PEF XXIII Ser 2016 | unresolved | Private equity | $1.2B held | 2016 | Disclosed holding | pers.ms.gov |
| as of Jun 30, 2026 | AEW Partners X | unresolved | Real estate | $18.3M held | Disclosed holding | pers.ms.gov |
+42 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
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Size and funding
Commitment history
How the history is foldedOne line per vehicle, folded across the board’s own minutes and the plan’s later reports: when the item was proposed or recommended, when the board approved it, when the closing was dated, and when the position first showed up in a report. A line is closed only when a closing date exists; held means the plan reports the position without one on this graph.| Vehicle | Manager | Amount | State | Proposed | Approved | Closed | First reported | Other LPs |
|---|---|---|---|---|---|---|---|---|
| TPG-Angelo Gordon Realty Value Fund XII | TPG Angelo Gordon | $75.0M | approved | - | Jun 24, 2026 | - | - | - |
| TA Reality Fund XIV | TA Realty | $75.0M | approved | - | Aug 27, 2025 | - | - | - |
| Realty Value Fund XII | TPG Angelo Gordon | Not disclosed | recommended | Jun 23, 2026 | - | - | - | - |
Provenance
Provenance
Not yet on record: funded ratio.
Mississippi Public Employees Retirement System (PERS) sits on 4 traced paths of capital across the graphs.
DFX traced 4 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Commitment recommended2026-06-24source on record
- Manager terminated2026-06-24source on record
- Commitment approved2026-06-24source on record
+7 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+13 connections on the graph
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