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

New York City Fire Department Article 1b Pension Fund

Public pensionpolice fireNY

Assets

$21B

Total assets, Jun 30, 2024 reported

Funded

n/a

not filed

Private markets target

12.0%

policy Jun 30, 2025

Commitments

none on the tape

Allocation policy

ACFR, as of Jun 30, 2025

Asset class (as printed)	Bucket	Target	Basis
Cash	Cash	0.5%	reported comptroller.nyc.gov
Core U.S. fixed	Fixed income	19.0%	reported comptroller.nyc.gov
Enhanced yield bonds	Fixed income	7.0%	reported comptroller.nyc.gov
Hedge funds	Hedge / diversifiers	4.0%	reported comptroller.nyc.gov
Opportunistic fixed	Hedge / diversifiers	6.0%	reported comptroller.nyc.gov
Infrastructure	Infrastructure	5.0%	reported comptroller.nyc.gov
EAFE markets	Other	9.0%	reported comptroller.nyc.gov
ETI	Other	0.0%	reported comptroller.nyc.gov
Emerging markets	Public equity	6.0%	reported comptroller.nyc.gov
Private equities	Public equity	12.0%	reported comptroller.nyc.gov
U.S. equity	Public equity	24.5%	reported comptroller.nyc.gov
Real estate	Real estate	7.0%	reported comptroller.nyc.gov

Policy periods on the tape: Jun 30, 2025 (ACFR), Jun 30, 2024 (ACFR). Target changes between periods are on the what changed list.

Consultants and advisers

2 firms

New York City Comptroller CustodianGeneral consultantthrough Jun 30, 2025 ACFR
New York City Office of the Actuary Actuarythrough Jun 30, 2025 ACFR

People

No investment staff or executives have been read for this allocator yet.

Manager roster

5 managers on the commitment tape

From the plan’s own commitment disclosures

Warburg Pincus LLC2 rows, $40.0M, latest Sep 24, 2025
ONE Rock Capital Partners2 rows, $40.0M, latest Sep 24, 2025
Hg2 rows, $40.0M, latest Sep 24, 2025
Brookfield1 rows, $50.0M, latest Sep 24, 2025
EQT1 rows, $14.9M, latest Sep 24, 2025

Commitments

14 rows, 0 dated closings

Disclosed holdings (from the plan’s performance or holdings report, as of the report date)

Date	Fund	Manager	Bucket	Amount	Status	Source
as of Sep 24, 2025	Brookfield Strategic Real Estate Partners V	Brookfield	Hedge / diversifiers	$50.0M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	BIG Real Estate Fund III	unresolved	n/a	$40.0M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	BPEA Private Equity Fund IX (No.2)	BPEA	Private equity	$29.8M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	Warburg Pincus Financial Sector III	Warburg Pincus LLC	Venture	$25.0M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	One Rock Capital Partners IV	ONE Rock Capital Partners	Private equity	$23.3M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	Hg Saturn 4 A	Hg	Private equity	$22.9M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	Stellex Capital Partners III	Stellex Capital Partners	Private equity	$20.0M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	Hg Co-Invest N IIco investment	Hg	Private equity	$17.1M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	One Rock Capital Partners - NYC Co-Investmentco investment	ONE Rock Capital Partners	Private equity	$16.7M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	WPFS III Co-Invest-Nco investment	Warburg Pincus LLC	Venture	$15.0M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	Integrum Capital Partners II	Integrum Capital Partners	Private equity	$15.0M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	EQT PCA Co-Invest Platform (No.2)co investment	EQT	Private equity	$14.9M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	Integrum NYC Co-Invest IIco investment	Integrum Capital Partners	Private equity	$10.0M	Approved	comptroller.nyc.gov
as of Sep 24, 2025	Stellex Capital III NYC Co-Investco investment	Stellex Capital Partners	Private equity	$5.0M	Approved	comptroller.nyc.gov

Size and funding

57 readings

Total assets

$21B Jun 30, 2024 reported Census ASPP

$20B (2023-06) · $18B (2022-06)

Fiduciary net position

$21B Jun 30, 2024 reported Census ASPP

$19B (2023-06) · $18B (2022-06)

Long-term investments

$21B Jun 30, 2024 reported Census ASPP

$19B (2023-06) · $18B (2022-06)

Total pension liability

$6.7B Jun 30, 2024 derived Census ASPP

$7.3B (2023-06) · $7.5B (2022-06)

Discount rate

7.00% Jun 30, 2024 reported Census ASPP

7.00% (2023-06) · 7.00% (2022-06)

Participants

28,435 Jun 30, 2024 derived Census ASPP

28,340 (2023-06) · 27,987 (2022-06)

Active members

10,595 Jun 30, 2024 derived Census ASPP

10,669 (2023-06) · 10,574 (2022-06)

Beneficiaries

17,782 Jun 30, 2024 reported Census ASPP

17,611 (2023-06) · 17,351 (2022-06)

Benefits paid

$1.8B Jun 30, 2024 reported Census ASPP

$1.8B (2023-06) · $1.6B (2022-06)

Investment expense

$160M Jun 30, 2024 reported Census ASPP

$179M (2023-06) · $141M (2022-06)

Commitment history

14 decisions the board record started

One line per vehicle, folded across the board’s own minutes and the plan’s later reports: when the item was proposed or recommended, when the board approved it, when the closing was dated, and when the position first showed up in a report. A line is closed only when a closing date exists; held means the plan reports the position without one on this graph.

Vehicle	Manager	Amount	State	Proposed	Approved	Closed	First reported	Other LPs
BIG Real Estate Fund III	n/a	$40.0M	approved	-	Sep 24, 2025	-	-	-
Brookfield Strategic Real Estate Partners V	Brookfield	$50.0M	approved	-	Sep 24, 2025	-	-	-
ONE Rock Capital Partners IV, LP	ONE Rock Capital Partners	$23.3M	approved	-	-	-	-	2
EQT PCA Co-Invest Platform (No.2)	EQT	$14.9M	approved	-	-	-	-	-
Hg Co-Invest N II	Hg	$17.1M	approved	-	-	-	-	-
Integrum Capital Partners II	n/a	$15.0M	approved	-	-	-	-	-
Integrum NYC Co-Invest II	n/a	$10.0M	approved	-	-	-	-	-
One Rock Capital Partners - NYC Co-Investment	ONE Rock Capital Partners	$16.7M	approved	-	-	-	-	-
Stellex Capital III NYC Co-Invest	n/a	$5.0M	approved	-	-	-	-	-
Stellex Capital Partners III	n/a	$20.0M	approved	-	-	-	-	-
Warburg Pincus Financial Sector III	Warburg Pincus LLC	$25.0M	approved	-	-	-	-	-
Hg Saturn 4 A, L.P	Hg	$22.9M	approved	-	-	-	-	6
WPFS III Co-Invest-N	Warburg Pincus LLC	$15.0M	approved	-	-	-	-	-
BPEA Private Equity Fund IX (No.2)	n/a	$29.8M	approved	-	-	-	-	-

What changed

18 events

Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) approves $50M to Brookfield Strategic Real Estate Partners V
with Brookfieldcomptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $15M to WPFS III Co-Invest-N (Warburg Pincus)
with Warburg Pincus LLCcomptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $17M to Hg Co-Invest N II
with Hgcomptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $23M to Hg Saturn 4 A
with Hgcomptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) approves $40M to BIG Real Estate Fund III
comptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $5M to Stellex Capital III NYC Co-Invest (Stellex Capital Partners)
comptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $20M to Stellex Capital Partners III
comptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $17M to One Rock Capital Partners - NYC Co-Investment
with ONE Rock Capital Partnerscomptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $23M to One Rock Capital Partners IV
with ONE Rock Capital Partnerscomptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $15M to Integrum Capital Partners II
comptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $10M to Integrum NYC Co-Invest II (Integrum Capital Partners)
comptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $30M to BPEA Private Equity Fund IX (No.2)
comptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $15M to EQT PCA Co-Invest Platform (No.2)
with EQTcomptroller.nyc.gov
Sep 24, 2025Commitment approved
New York City Fire Pension Fund / NYC Bureau of Asset Management (Comptroller) reports as committed $25M to Warburg Pincus Financial Sector III
with Warburg Pincus LLCcomptroller.nyc.gov
Jun 30, 2024Assets changed
New York City Fire Department Article 1b Pension Fund fiduciary net position $19.4B -> $21.1B (+8.5%, 2023-06-30 to 2024-06-30)
www2.census.gov
Jun 30, 2024Assets changed
New York City Fire Department Article 1b Pension Fund total assets $19.5B -> $21.4B (+9.6%, 2023-06-30 to 2024-06-30)
www2.census.gov
Jun 30, 2023Assets changed
New York City Fire Department Article 1b Pension Fund total assets $18.4B -> $19.5B (+6.1%, 2022-06-30 to 2023-06-30)
www2.census.gov
Jun 30, 2023Assets changed
New York City Fire Department Article 1b Pension Fund fiduciary net position $18.3B -> $19.4B (+6.5%, 2022-06-30 to 2023-06-30)
www2.census.gov

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Provenance

Identifiers: Census PID6 121533

Cross-graph: no entry on another DFX graph

First observed Sep 15, 2026, last observed Sep 16, 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.