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.

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State retirement system

A•••••• T•••••••• R••••••••• S••••• ••••

State retirement systemteachersAL
Assets
$53B
Fiduciary net position, Sep 30, 2025 reported
Funded
n/a
not filed
Private markets target
20.0%
policy Sep 30, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Sep 30, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Short-term investmentsCash5.0%1% to 10%reported rsa-al.gov
Fixed IncomeFixed income15.0%10% to 50%reported rsa-al.gov
Alternative InvestmentsPrivate equity10.0%0% to 20%reported rsa-al.gov
Domestic EquityPublic equity45.0%30% to 60%reported rsa-al.gov
International EquityPublic equity15.0%10% to 25%reported rsa-al.gov
Real EstateReal estate10.0%0% to 15%reported rsa-al.gov
Consultants and advisers
3 firms
People
7 roles
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
52 readings
Total assets
$32B Jun 30, 2024 derived Census ASPP
$28B (2023-06) · $25B (2022-06)
Fiduciary net position
$53B Sep 30, 2025 reported ACFR
$28B (2023-06) · $26B (2022-06)
Long-term investments
$32B Jun 30, 2024 reported Census ASPP
$25B (2023-06) · $24B (2022-06)
Total pension liability
$16B Jun 30, 2023 derived Census ASPP
$16B (2022-06)
Discount rate
7.45% Jun 30, 2023 reported Census ASPP
7.45% (2022-06)
Participants
322,254 Jun 30, 2024 estimated Census ASPP
311,793 (2023-06) · 305,536 (2022-06)
Active members
140,069 Jun 30, 2024 estimated Census ASPP
137,280 (2023-06) · 135,783 (2022-06)
Beneficiaries
109,197 Jun 30, 2024 estimated Census ASPP
107,612 (2023-06) · 105,549 (2022-06)
Benefits paid
$2.6B Jun 30, 2024 reported Census ASPP
$2.6B (2023-06) · $2.6B (2022-06)
Investment expense
$11.6M Jun 30, 2024 reported Census ASPP
$11.7M (2023-06) · $11.6M (2022-06)
What changed
3 events
  • Jun 30, 2024Assets changed
    A•••••• T•••••••• R••••••••• S••••• •••• total assets $27.6B -> $32.0B (+16.1%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2023Assets changed
    A•••••• T•••••••• R••••••••• S••••• •••• fiduciary net position $25.6B -> $27.8B (+8.9%, 2022-06-30 to 2023-06-30)
  • Jun 30, 2023Assets changed
    A•••••• T•••••••• R••••••••• S••••• •••• total assets $25.3B -> $27.6B (+8.8%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 226190
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.