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
Arkansas Public Employees Retirement System (APERS)
State retirement systemstate generalAR
Assets
$11B
Total assets, Jun 30, 2024 derived
Funded
n/a
not filed
Private markets target
21.0%
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 |
|---|---|---|---|---|---|---|
| Domestic Fixed | Fixed income | 21.0% | reported apers.org | |||
| Hedge Funds | Hedge / diversifiers | 2.0% | reported apers.org | |||
| Private Equity | Private equity | 5.0% | reported apers.org | |||
| Broad Domestic Equity | Public equity | 39.0% | reported apers.org | |||
| International Equity | Public equity | 17.0% | reported apers.org | |||
| Real Estate | Real estate | 16.0% | reported apers.org |
Consultants and advisers
4 firms
- Stephens, Inc. Specialist consultantthrough Jun 30, 2025 ACFR
- Callan LLC General consultantthrough Jun 30, 2025 ACFR
- Gabriel, Roeder, Smith & Company (GRS) Actuarythrough Jun 30, 2025 ACFR
- Bank of New York Mellon Custodianthrough Jun 30, 2025 ACFR
People
4 roles
Chief investment officer
Carlos Borromeo
Chief Investment Officer (Jun 30, 2025) apers.org
Carlos Borromeo Jennifer Taylor
Chief Investment Officer Retirement Administrator
- Daryl Bassett ChairBoard chair
- Amy Fecher Executive DirectorExecutive director / CEO
- Usha Doolabh Director of InvestmentsInvestment 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
48 readings
Total pension liability
What changed
No dated events yet.
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 226889
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.