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.

Public pension

Montgomery County Employees Retirement System

Public pensionmunicipalMD
Assets
$5.1B
Fiduciary net position, Jun 30, 2025 reported
Funded
n/a
not filed
Private markets target
n/a
no policy read
Commitments
0
none on the tape
Allocation policy
No allocation policy has been read for this allocator yet. Public systems get theirs from the ACFR; corporate plans from the sponsor’s 10-K; plans from Schedule H lines.
Consultants and advisers
5 firms
People
1 roles
  • David Crow Acting 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
58 readings
Total assets
$4.9B Jun 30, 2024 reported Census ASPP
$4.8B (2023-06) · $4.8B (2022-06)
Fiduciary net position
$5.1B Jun 30, 2025 reported ACFR
$4.9B (2024-06) · $4.8B (2023-06) · $4.8B (2022-06)
Long-term investments
$4.7B Jun 30, 2024 reported Census ASPP
$4.6B (2023-06) · $4.7B (2022-06)
Total pension liability
$279M Jun 30, 2024 reported Census ASPP
$138M (2023-06) · $-154M (2022-06)
Discount rate
7.50% Jun 30, 2024 reported Census ASPP
7.50% (2023-06) · 7.50% (2022-06)
Participants
14,513 Jun 30, 2024 reported Census ASPP
13,983 (2023-06) · 13,648 (2022-06)
Active members
6,681 Jun 30, 2024 reported Census ASPP
6,229 (2023-06) · 5,956 (2022-06)
Beneficiaries
6,972 Jun 30, 2024 reported Census ASPP
6,986 (2023-06) · 6,966 (2022-06)
Benefits paid
$327M Jun 30, 2024 reported Census ASPP
$310M (2023-06) · $287M (2022-06)
Investment expense
$17.5M Jun 30, 2024 reported Census ASPP
$18.7M (2023-06) · $40.4M (2022-06)
What changed
No dated events yet.
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 185796
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.