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

North Carolina Teachers and State Employees Retirement System

State retirement systemteachersNCcomponent of a larger system
Assets
$87B
Total assets, Jun 30, 2024 derived
Funded
n/a
not filed
Private markets target
22.0%
policy Jun 30, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Jun 30, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Fixed IncomeFixed income29.0%reported files.nc.gov
Opportunistic Fixed IncomeHedge / diversifiers7.0%reported files.nc.gov
AlternativesPrivate equity8.0%reported files.nc.gov
Global EquityPublic equity42.0%reported files.nc.gov
Inflation SensitiveReal assets6.0%reported files.nc.gov
Real EstateReal estate8.0%reported files.nc.gov
Consultants and advisers
No adviser relationship is on the tape for this allocator. Public systems name theirs in the ACFR; plans list them on Schedule C.
People
No investment staff or executives have been read for this allocator yet.
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
57 readings
Total assets
$87B Jun 30, 2024 derived Census ASPP
$81B (2023-06) · $80B (2022-06)
Fiduciary net position
$86B Jun 30, 2024 reported Census ASPP
$81B (2023-06) · $79B (2022-06)
Long-term investments
$87B Jun 30, 2024 reported Census ASPP
$81B (2023-06) · $80B (2022-06)
Total pension liability
$15B Jun 30, 2024 reported Census ASPP
$17B (2023-06) · $15B (2022-06)
Discount rate
6.50% Jun 30, 2024 reported Census ASPP
6.50% (2023-06) · 6.50% (2022-06)
Participants
781,203 Jun 30, 2024 derived Census ASPP
763,132 (2023-06) · 742,565 (2022-06)
Active members
303,068 Jun 30, 2024 derived Census ASPP
302,293 (2023-06) · 305,271 (2022-06)
Beneficiaries
252,036 Jun 30, 2024 reported Census ASPP
246,374 (2023-06) · 238,652 (2022-06)
Benefits paid
$5.7B Jun 30, 2024 reported Census ASPP
$5.5B (2023-06) · $5.2B (2022-06)
Investment expense
$286M Jun 30, 2024 reported Census ASPP
$351M (2023-06) · $407M (2022-06)
What changed
4 events
  • Jun 30, 2024Assets changed
    North Carolina Teachers and State Employees Retirement System fiduciary net position $81.2B -> $86.3B (+6.2%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2024Assets changed
    North Carolina Teachers and State Employees Retirement System total assets $81.0B -> $87.2B (+7.7%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2023Assets changed
    North Carolina Teachers and State Employees Retirement System total assets $79.6B -> $81.0B (+1.7%, 2022-06-30 to 2023-06-30)
  • Jun 30, 2023Assets changed
    North Carolina Teachers and State Employees Retirement System fiduciary net position $78.7B -> $81.2B (+3.2%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 227722
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.