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
Illinois Police Officers Pension Investment Fund
State retirement systempolice fireIL
Assets
$11B
Total assets, Jun 30, 2024 derived
Funded
n/a
not filed
Private markets target
32.0%
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 | Cash | 1.0% | 0% to 2% | 1.2% | +0.2 | reported ipopif.org |
| Core Fixed Income | Fixed income | 3.0% | 2% to 4% | 2.8% | -0.2 | reported ipopif.org |
| US TIPS | Fixed income | 3.0% | 2% to 4% | 2.8% | -0.2 | reported ipopif.org |
| US Treasury | Fixed income | 3.0% | 2% to 4% | 2.7% | -0.3 | reported ipopif.org |
| Infrastructure | Infrastructure | 0.0% | 0.0% | +0.0 | reported ipopif.org | |
| International Developed | Other | 19.0% | 17% to 21% | 19.4% | +0.4 | reported ipopif.org |
| International Developed Small | Other | 5.0% | 4% to 6% | 5.6% | +0.6 | reported ipopif.org |
| US Large | Other | 23.0% | 21% to 25% | 23.4% | +0.4 | reported ipopif.org |
| US Small | Other | 5.0% | 4% to 6% | 5.0% | +0.0 | reported ipopif.org |
| Bank Loans | Private credit | 3.0% | 2% to 4% | 3.0% | +0.0 | reported ipopif.org |
| Emerging Market Debt | Private credit | 6.0% | 5% to 7% | 5.8% | -0.2 | reported ipopif.org |
| High Yield Corporate Credit | Private credit | 7.0% | 6% to 8% | 5.6% | -1.4 | reported ipopif.org |
| Private Credit | Private credit | 0.0% | 1.3% | +1.3 | reported ipopif.org | |
| Short-Term Government/Credit | Private credit | 10.0% | 8% to 12% | 9.7% | -0.3 | reported ipopif.org |
| Private Equity | Private equity | 0.0% | 0.0% | +0.0 | reported ipopif.org | |
| Emerging Markets | Public equity | 6.0% | 5% to 7% | 6.7% | +0.7 | reported ipopif.org |
| Real Estate | Real estate | 2.0% | 1.6% | -0.4 | reported ipopif.org | |
| REITs | Real estate | 4.0% | 3% to 5% | 3.6% | -0.4 | reported ipopif.org |
Consultants and advisers
4 firms
- Albourne America LLC Specialist consultantthrough Jun 30, 2025 ACFR
- Verus Advisory, Inc. General consultantthrough Jun 30, 2025 ACFR
- Foster & Foster Consulting Actuaries, Inc. Actuarythrough Jun 30, 2025 ACFR
- State Street Bank & Trust Company Custodianthrough Jun 30, 2025 ACFR
People
6 roles
Chief investment officer
Kent F. Custer
Chief Investment Officer (Jun 30, 2025) ipopif.org
Kent F. Custer Kate Cobb
Chief Investment Officer Administrative Analyst
- Paul Swanlund Trustee and Board ChairpersonBoard chair
- Greg Turk Deputy Chief Investment OfficerDeputy CIO
- Richard A. White, Jr. Executive DirectorExecutive director / CEO
- Barbara Meyer Investment OfficerInvestment officer
- Steve Yoon Investment OfficerInvestment officer
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
31 readings
Beneficiaries
What changed
2 events
- Jun 30, 2024Assets changedIllinois Police Officers Pension Investment Fund total assets $9.4B -> $10.5B (+12.3%, 2023-06-30 to 2024-06-30)
- Jun 30, 2023Assets changedIllinois Police Officers Pension Investment Fund total assets $2.7B -> $9.4B (+244.5%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 250756
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.