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.

Corporate pension

Aramco U.S. Retirement Income Plan

Corporate pensionHouston, TX
Assets
$1.8B
Total assets, Dec 31, 2024 reported
Funded
95.4%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
6
4 managers on Schedule C
Plan sponsor: Aramco Shared Benefits Company
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.0%
  • Non-interest-bearing cash 0.1%
  • Corporate debt instruments (other) 32.8%
  • Corporate debt instruments (preferred) 1.0%
  • U.S. Government securities 16.8%
  • Other investments 24.6%
  • Partnership/joint venture interests 6.6%
  • Common/collective trusts 6.5%
  • Registered investment companies 4.2%
  • Common stock 0.0%
  • Preferred stock 0.0%
  • Real estate (other than employer real property) 3.5%
Consultants and advisers
11 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
2 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
6 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024PRU Emerging Market Debt Fundcollective trustPrudential Trust Co.Private credit$28.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Seaport Long Duration Collective incollective trustGlobal Trust CompanyFixed income$28.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024BBH Abscollective trustBrown Brothers HarrimanPooled vehicles$34.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Post Hycollective trustPost Advisory Group, LLCPooled vehicles$27.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023PRU Emerging Market Debt Fundcollective trustPrudential Trust Co.Private credit$30.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Seaport Long Duration Collective incollective trustGlobal Trust CompanyFixed income$30.3M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$1.8B Dec 31, 2024 reported Form 5500
$1.9B (2023-12) · $1.8B (2022-12)
Plan assets
$988M Jan 1, 2024 reported Form 5500
$957M (2023-01) · $1.3B (2022-01)
Net assets
$1.5B Dec 31, 2024 reported Form 5500
$1.7B (2023-12) · $1.6B (2022-12)
Funded ratio
95.4% Jan 1, 2024 reported Form 5500
98.1% (2023-01) · 106.1% (2022-01)
Funding target
$820M Jan 1, 2024 reported Form 5500
$807M (2023-01) · $850M (2022-01)
Discount rate
5.15% Jan 1, 2024 reported Form 5500
5.27% (2023-01) · 5.41% (2022-01)
Participants
1,871 Jan 1, 2024 reported Form 5500
1,933 (2023-01) · 2,084 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$50.0M (2023-12) · $50.0M (2022-12)
Benefits paid
$151M Dec 31, 2024 reported Form 5500
$123M (2023-12) · $201M (2022-12)
Net investment income
$-151M Dec 31, 2024 reported Form 5500
$63.5M (2023-12) · $-482M (2022-12)
Investment management fees
$2.6M Dec 31, 2024 reported Form 5500
$4.0M (2023-12) · $4.0M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20241,871$988M$820M95.4%$1.8B$120M$0$63.7M
2023 to Dec 31, 20231,933$957M$807M98.1%$1.9B$140M$0$66.3M
2022 to Dec 31, 20222,084$1.3B$850M106.1%$1.8B$241M$0$84.1M
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
62 events
  • Dec 31, 2024Holding started
    Aramco U.S. Retirement Income Plan first reports an interest in BBH Abs: $35M at 2024-12-31
    with BBH Absaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Aramco U.S. Retirement Income Plan first reports an interest in Post Hy: $27M at 2024-12-31
    with Post Hyaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Boom Co-Invest B, LP no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Boom Co-Invest B, LPaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Jefferies International Limited appears on Aramco U.S. Retirement Income Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Jefferies International Limitedaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    C-Bridge Healthcare Fund V, LP no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with C-Bridge Healthcare Fund V, LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Europa Fund III appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Europa Fund IIIaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Fidelity Emerging Market no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Pgim Quantitative Solutions LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Samlyn Offshore Fund Ltd no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Samlyn Offshore Fund Ltdaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Towerbrook Investors V, LP no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Towerbrook Investors V, LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Farallon Capital Offshore Inv Ltd no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Farallon Capital Offshore Inv Ltdaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Collas Crill Trust Limited appears on Aramco U.S. Retirement Income Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Collas Crill Trust Limitedaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Genstar no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Genstaraskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Gryphon Partners VI, LP no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Gryphon Partners VI, LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Brookfield Strat Real Estate Ptnr appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Brookfield Strat Real Estate Ptnraskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Neuberger Berman III appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Neuberger Berman IIIaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Canyon Value Realization Fund no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Canyon Value Realization Fundaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Partners Group Global Infra 2015 appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Partners Group Global Infra 2015askebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Gtcr no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Gtcraskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    HG Saturn no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with HG Saturnaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    LSV Equity no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with LSV Equityaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Francisco Partners no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Francisco Partnersaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Pzena European Focused Value no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Pzena European Focused Valueaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Clearlake Capital Partners VII, LP no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Clearlake Capital Partners VII, LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Brookfield Americas Infrastructure appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Brookfield Americas Infrastructureaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    State Street no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with State Streetaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Systematica Mfsa no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Systematica Mfsaaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Willis Towers Watson appears on Aramco U.S. Retirement Income Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Willis Towers Watson US LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Gateway Fund III appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Gateway Fund IIIaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Harris Capital no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Harris Associated LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Matrix Partners China III, LP appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Matrix Partners China III, LPaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Aramco U.S. Retirement Income Plan funded ratio 98.1% -> 95.4% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    401 Nicollet LP no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with 401 Nicollet LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Wellington Japan Small Cap no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Wellington Japan Small Capaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Payden & Rygel appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Payden & Rygelaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Brookfield Strat Real Estate Ptnr no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Brookfield Strat Real Estate Ptnraskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    TCC Limited no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with TCC Limitedaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Two Sigma Spectrum Fund no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Two Sigma Spectrum Fundaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Wellington Strategic European Equit no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)
    with Wellington Strategic European Equitaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Citadel Kensington appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Citadel Kensingtonaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Msci Inc. no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Msci Incaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Partners Group Real Estate 2013 appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Partners Group Real Estate 2013askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Brookfield Americas Infrastructure no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Brookfield Americas Infrastructureaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    VGO Special Situations Fund I LP no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with VGO Special Situations Fund I LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Gateway Fund III no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Gateway Fund IIIaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    ASF VII appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with ASF VIIaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Willis Towers Watson no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as pension consultant (plan year 2023 vs 2022)
    with Willis Towers Watson US LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Ashmore Investment Management Ltd no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Ashmore Investment Management Ltdaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    NB Secondary Opportunities Fund III no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with NB Secondary Opportunities Fund IIIaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    6340 Fiddlers Green Circle, LP no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with 6340 Fiddlers Green Circle, LPaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Albourne Partners Limited no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Albourne Partners Limitedaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Wynnchurch Capital Partners V, LP no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Wynnchurch Capital Partners V, LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Stonepeak Infrastructure Fund IV LP appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Stonepeak Infrastructure Fund IV LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Charterhouse Capital Partners Ix no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Charterhouse Capital Partners Ixaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Pgim Investments appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Pgim Investments LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Europa Fund III no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Europa Fund IIIaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    The Townsend Group no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with The Townsend Groupaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Partners Group Infrastructure 2012 no longer appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Partners Group Infrastructure 2012askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Boom Co-Invest B, LP appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Boom Co-Invest B, LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Clearlake Capital Partners VII, LP appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Clearlake Capital Partners VII, LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Goldman Sachs Vintage VII appears on Aramco U.S. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Vintage VIIaskebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 844364434-001
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.