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

Public Safety Personnel Retirement System

State retirement systempolice fireAZ
Assets
$17B
Total assets, Jun 30, 2024 reported
Funded
n/a
not filed
Private markets target
27.0%
policy Jun 30, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Jun 30, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
CashCash2.0%reported psprs.com
Global Private EquityPrivate equity27.0%22% to 30%23.6%-3.4reported psprs.com
International Public EquityPublic equity16.0%12% to 20%16.4%+0.4reported psprs.com
U.S. Public EquityPublic equity24.0%19% to 29%23.4%-0.6reported psprs.com
Actual allocation lines without a target (as filed)
  • Cash and Cash Equivalents 3.3%
  • Core Bonds 8.9%
  • Other Assets (Contractual Income) 1.4%
  • Diversifying Strategies 6.2%
  • Private Credit 16.9%
Consultants and advisers
3 firms
People
2 roles
Chief investment officer
Mark Steed
Chief Investment Officer (Jun 30, 2025) psprs.com
Mark Steed Chief Investment Officer
  • Bret Parke Interim Administrator General CounselExecutive 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
46 readings
Total assets
$17B Jun 30, 2024 reported Census ASPP
$14B (2023-06) · $13B (2022-06)
Fiduciary net position
$17B Jun 30, 2024 reported Census ASPP
Long-term investments
$15B Jun 30, 2024 reported Census ASPP
$13B (2023-06) · $11B (2022-06)
Discount rate
7.00% Jun 30, 2024 reported Census ASPP
7.00% (2023-06) · 7.00% (2022-06)
Participants
38,570 Jun 30, 2024 reported Census ASPP
37,469 (2023-06) · 38,521 (2022-06)
Active members
18,748 Jun 30, 2024 reported Census ASPP
18,425 (2023-06) · 18,185 (2022-06)
Beneficiaries
16,533 Jun 30, 2024 reported Census ASPP
15,963 (2023-06) · 17,443 (2022-06)
Benefits paid
$1.1B Jun 30, 2024 reported Census ASPP
$916M (2023-06) · $1.0B (2022-06)
Investment expense
$30.2M Jun 30, 2023 reported Census ASPP
$23.1M (2022-06)
What changed
2 events
  • Jun 30, 2024Assets changed
    Public Safety Personnel Retirement System total assets $14.4B -> $16.6B (+15.3%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2023Assets changed
    Public Safety Personnel Retirement System total assets $13.2B -> $14.4B (+9.4%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 228207
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.