Houston Firefighters Relief and Retirement Fund

Public pensionpolice fire· Texas

Public pension, based in Texas, reporting $5.8B in assets, for 7,433 participants.

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

Assets
$5.8B
Private allocation
48.0%
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. Last change: 30 Jun 2024, Houston Firefighters Relief and Retirement Fund total assets $6.1B -> $5.3B (-12.8%, 2023-06-30 to 2024-06-30).

3 more people

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
  • Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • 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
All 6
Houston Firefighters Relief and Retirement Fund

Relationship network

8 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
$5.8B
Fiduciary net position, Jun 30, 2025 reported
Funded
not on record
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)BucketTargetRangeActualGapBasis
Cash & Short TermCash2.0%3.0%+1.0reported hfrrf.org
Aggregate BondsFixed income5.0%0.0%-5.0reported hfrrf.org
Intermediate High YieldFixed income5.0%13.0%+8.0reported hfrrf.org
Hedge FundsHedge / diversifiers2.0%1.0%-1.0reported hfrrf.org
Intermediate CreditPrivate credit3.0%0.0%-3.0reported hfrrf.org
Private DebtPrivate credit10.0%13.0%+3.0reported hfrrf.org
Private EquityPrivate equity25.0%35.0%+10.0reported hfrrf.org
Public Equity-DomesticPublic equity19.0%15.0%-4.0reported hfrrf.org
Public Equity-InternationalPublic equity19.0%10.0%-9.0reported hfrrf.org
Real EstateReal estate10.0%9.0%-1.0reported 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

Decision makers

who to call first about an allocation, and why; then everyone else by function
  • Ajit Singh · Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Adam Smith · Executive Director
    Why this person: Executive director: runs the plan or the office
Who else at this allocator · 1 person, grouped by function
Board, advisers and operating partners (1)
  • Brett Besselman · Chairman of Board of Trustees
    Why this person: Board member

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

6 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.

+3 more people on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

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

Manager roster

No manager relationship is on the tape for this allocator.

What changed

2 events
  • Jun 30, 2024Assets changed
    Houston Firefighters Relief and Retirement Fund total assets $6.1B -> $5.3B (-12.8%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2023Assets changed
    Houston 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.

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
$5.3B Jun 30, 2024 derived Census ASPP
$6.1B (2023-06) · $5.0B (2022-06)
Fiduciary net position
$5.8B Jun 30, 2025 reported ACFR
$5.4B (2024-06) · $5.1B (2023-06) · $5.1B (2022-06)
Long-term investments
$5.2B Jun 30, 2024 reported Census ASPP
$4.9B (2023-06) · $4.8B (2022-06)
Total pension liability
-$423,000 Jun 30, 2024 derived Census ASPP
$48.4M (2023-06) · -$130M (2022-06)
Discount rate
7.25% Jun 30, 2024 reported Census ASPP
7.25% (2023-06) · 7.25% (2022-06)
Participants
7,433 Jun 30, 2024 derived Census ASPP
7,411 (2023-06) · 7,313 (2022-06)
Active members
3,646 Jun 30, 2024 derived Census ASPP
3,676 (2023-06) · 3,640 (2022-06)
Beneficiaries
3,758 Jun 30, 2024 reported Census ASPP
3,709 (2023-06) · 3,650 (2022-06)
Benefits paid
$304M Jun 30, 2024 reported Census ASPP
$281M (2023-06) · $268M (2022-06)
Investment expense
$6.8M Jun 30, 2024 reported Census ASPP
$9.1M (2023-06) · $8.1M (2022-06)

Provenance

Identifiers: Census PID6 122203
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, fund commitments.

Record history

2 dated events on the change ledger, latest event first
  • Total assets changed
    2024-06-30source on record
  • Total assets changed
    2023-06-30source on record

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

+2 connections on the graph

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