New York City Fire Department Article 1b Pension Fund
Public pension, based in New York, reporting $21B in assets, for 28,435 participants.
Composed from this allocator's classification, location and filed figures.
What matters now
- 2re-up prospects
2 re-up prospects were flagged in the last twelve months: managers it backed raising a successor fund.
Managers it already backs are raising again; a re-up decision is coming.
58 more managers, 352 more commitments and 361 more dated events
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Capital path
who backs this record, through what, into what; each name opens its own path- NYC-NorthBound Emerging Managers Program II$63.3M committed
- Ares Industrial Real Estate Fund LP$60.0M committed
- BPEA Private Equity Fund IX (No.2)$59.6M committed
- Kohlberg, Kravis, Roberts & Co., LP$276M across 10 commitments
- Leonard Green & Partners, L.P.$204M across 7 commitments
- Ardian Investment Uk Limited$201M across 7 commitments
Relationship network
325 connected entities200 observed commitments27 repeat counterparties$4.6B disclosed commitments (200 commitments)15 dated commitments shown here, 2025
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.
- Sponsor
- Fund or vehicle
- Service provider
›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 pensionShowHide
Allocation policy
| Asset class (as printed) | Bucket | Target | Range | Actual | Gap | 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 |
Consultants and advisers
- New York City Comptroller General consultantCustodianthrough Jun 30, 2025 ACFR
- New York City Office of the Actuary Actuarythrough Jun 30, 2025 ACFR
People
Manager roster
- Kohlberg, Kravis, Roberts & Co., LP$276M, 10 rows, latest Dec 31, 2025
- Leonard Green & Partners, L.P.$204M, 7 rows, latest Dec 31, 2025
- Ardian Investment Uk Limited$201M, 7 rows, latest Dec 31, 2025
+58 more managers received commitments
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What changed
- Sep 24, 2026re up prospect resolvedreport dateinferenceRe-up prospect for Resolute Fund VII, L.P.: condition no longer holds; not judgedwith TJC LP
- Sep 23, 2026re up prospect resolvedreport dateinferenceRe-up prospect for Apollo Investment Fund XI, L.P.: condition no longer holds; not judgedwith Apollo Capital Management L.P.
- Sep 23, 2026Re-up prospectreport dateinferenceNew York City Fire Department Article 1b Pension Fund holds The Resolute Fund VI ($30M); the manager is raising: Resolute Fund VII, L.P. (fundraising, seen 2026-09-23); no commitment to it on the graphwith TJC LP
- Sep 23, 2026Re-up prospectreport dateinferenceNew York City Fire Department Article 1b Pension Fund holds Apollo Investment Fund X ($30M); the manager is raising: Apollo Investment Fund XI, L.P. (fundraising, seen 2026-09-23); no commitment to it on the graphwith Apollo Capital Management L.P.
- Dec 31, 2025Commitment disclosedreport dateNew York City Fire Department Article 1b Pension Fund reports PESCF II Co-Investment: $17M committed (as of 2025-12-31)
+361 more dated events
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2025 | NYC Fire - Evergreen Emerging Manager Program | unresolved | Private equity | $79.1M | 2024 | Disclosed holding | comptroller.nyc.gov |
| as of Dec 31, 2025 | NYC-NorthBound Emerging Managers Program II | NB Alternatives Advisers, LLC | Private equity | $63.3M | 2023 | Disclosed holding | comptroller.nyc.gov |
| as of Dec 31, 2025 | Ares Industrial Real Estate Fund LP | unresolved | Fixed income | $60.0M | 2021 | Disclosed holding | comptroller.nyc.gov |
+352 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Size and funding
Commitment history
How the history is foldedOne 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 |
|---|---|---|---|---|---|---|---|---|
| Brookfield Strategic Real Estate Partners V | Brookfield | $50.0M | closed | - | Sep 24, 2025 | Sep 17, 2025 | - | - |
| BIG Real Estate Fund III, LP | n/a | $40.0M | held | - | Sep 24, 2025 | - | Dec 31, 2025(98d) | - |
| BPEA Private Equity Fund IX (No.2), SCSp | EQT Fund Management S.A.R.L | $29.8M | closed | - | - | Dec 10, 2025 | - | 3 |
+11 more board decisions
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Provenance
Provenance
Not yet on record: funded ratio.
New York City Fire Department Article 1b Pension Fund sits on 350 traced paths of capital across the graphs.
DFX traced 350 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- Re up prospect resolved2026-09-24
- Re up prospect resolved2026-09-23
- Re up prospect2026-09-23
+363 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+217 connections on the graph
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.