DFX Intelligence

Allocator Intelligence

Montgomery County Employees Retirement System

Public pensionmunicipal· Maryland

Public pension, based in Maryland, reporting $5.1B in assets, for 14,513 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$5.1B
Contact decision makersView relationships
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Ask DFX about this allocatorInvestment staff
Open searchesConsultants
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. No dated change on record yet.

2 more advisers

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
  • David Crow
    Acting Executive Director
    Why: Executive director: runs the plan or the office
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
Montgomery County Employees Retirement System

Relationship network

6 connected entities

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.

Reading the network
  • 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 basesPublic pensionShow
Public pension
Assets
$5.1B
Fiduciary net position, Jun 30, 2025 reported
Funded
not on record
not filed
Private markets target
no policy read
no policy read
Commitments
0
none on the tape

Consultants and advisers

5 firms

+2 more consultants and advisers advise this allocator

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Decision makers

who to call first about an allocation, and why; then everyone else by function
  • David Crow · Acting Executive Director
    Why this person: Executive director: runs the plan or the office

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.

People

1 role
  • David Crow Acting Executive DirectorExecutive director / CEO

Manager roster

No manager relationship is on the tape for this allocator.

What changed

No dated events yet.
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

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)

Provenance

Identifiers: Census PID6 185796
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 23, 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.

Not yet on record: funded ratio, private markets allocation target, fund commitments, allocation policy.

›Connections

every published relationship on the graph

+5 connections on the graph

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.