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
Houston Firefighters Relief and Retirement Fund
Public pensionpolice fireTX
Assets
$5.8B
Fiduciary net position, Jun 30, 2025 reported
Funded
n/a
not filed
Private markets target
48.0%
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 |
|---|---|---|---|---|---|---|
| Cash & Short Term | Cash | 2.0% | 3.0% | +1.0 | reported hfrrf.org | |
| Aggregate Bonds | Fixed income | 5.0% | 0.0% | -5.0 | reported hfrrf.org | |
| Intermediate High Yield | Fixed income | 5.0% | 13.0% | +8.0 | reported hfrrf.org | |
| Hedge Funds | Hedge / diversifiers | 2.0% | 1.0% | -1.0 | reported hfrrf.org | |
| Intermediate Credit | Private credit | 3.0% | 0.0% | -3.0 | reported hfrrf.org | |
| Private Debt | Private credit | 10.0% | 13.0% | +3.0 | reported hfrrf.org | |
| Private Equity | Private equity | 25.0% | 35.0% | +10.0 | reported hfrrf.org | |
| Public Equity-Domestic | Public equity | 19.0% | 15.0% | -4.0 | reported hfrrf.org | |
| Public Equity-International | Public equity | 19.0% | 10.0% | -9.0 | reported hfrrf.org | |
| Real Estate | Real estate | 10.0% | 9.0% | -1.0 | reported hfrrf.org |
Actual allocation lines without a target (as filed)
- Digital Assets 1.0%
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
- Gallagher Actuarythrough Jun 30, 2025 ACFR
- The Bank of New York Mellon Trst Co Custodianthrough Jun 30, 2025 ACFR
People
4 roles
Chief investment officer
Ajit Singh
Chief Investment Officer (Jun 30, 2025) hfrrf.org
CHIEF INVESTMENT OFFICER AUDITOR COMMITTEES
Ajit Singh, FRM, CAIA Weaver and Tidwell, L.L.P.
- Brett Besselman Chairman of Board of TrusteesBoard chair
- Adam Smith Executive DirectorExecutive director / CEO
- Tim Schauer 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
Fiduciary net position
$5.4B (2024-06) · $5.1B (2023-06) · $5.1B (2022-06)
Total pension liability
$48.4M (2023-06) · $-130M (2022-06)
What changed
2 events
- Jun 30, 2024Assets changedHouston Firefighters Relief and Retirement Fund total assets $6.1B -> $5.3B (-12.8%, 2023-06-30 to 2024-06-30)
- Jun 30, 2023Assets changedHouston Firefighters Relief and Retirement Fund total assets $5.0B -> $6.1B (+22.7%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 122203
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.