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
Constellation Retirement Program
Corporate pensionKennett Square, PA
Assets
$5.0B
Total assets, Dec 31, 2024 reported
Funded
86.4%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
1 managers on Schedule C
Plan sponsor: Constellation Energy Generation LLC
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
- Master trust investment accounts 97.8%
Consultants and advisers
7 firms
- Stepstone Group LLC General consultantthrough Dec 31, 2024 Form 5500
- Cambridge Associates General consultantthrough Dec 31, 2023 Form 5500
- Albourne America LLC General consultantthrough Dec 31, 2022 Form 5500
- Evestment Alliance, LLC General consultantthrough Dec 31, 2022 Form 5500
- Plante Moran General consultantthrough Dec 31, 2022 Form 5500
- Northern Trust Co. Custodianthrough Dec 31, 2022 Form 5500
- Willis Towers Watson US LLC Actuarythrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
2 managers on Schedule C
From Schedule C (investment management, code 28)
- Blackrock Financial Management, Incplan years 2024
- Blackrock Institutional Trust Co,naplan years 2022
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
33 readings
Investment management fees
$20.4M (2023-12) · $788,598 (2022-12)
Form 5500 filings
3 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Dec 31, 2024 | 17,424 | $5.3B | $5.9B | 86.4% | $5.0B | n/a | $4.9B | n/a |
| 2023 to Dec 31, 2023 | 17,712 | $5.4B | $5.9B | 88.5% | $5.3B | n/a | $5.2B | n/a |
| 2022 to Dec 31, 2022 | 17,909 | $7.1B | $5.7B | 105.5% | $5.4B | n/a | $5.4B | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Constellation Energy Generation LLC codes 14 $4.2M PY2024
- Alight Solutions LLC codes 15 $1.3M PY2024
- Northern Trust Corporation codes 19 21 51 62 68 $973,531 PY2024
- Willis Towers Watson US LLC codes 11 $452,143 PY2024
- Blackrock Financial Management, Inc codes 28 51 52 68 $312,605 PY2024
- Caissa, LLC codes 49 $245,188 PY2024
- Albourne America, LLC codes 16 70 $197,630 PY2024
- Stepstone Group LP codes 16 $100,792 PY2024
- Plante Moran codes 16 70 $80,750 PY2024
- Cambridge Associates LLC codes 16 70 $51,407 PY2024
- Blackrock Financial Management, Inc codes 49 $35,545 PY2024
- Mitchell & Titus, LLP codes 10 $31,948 PY2024
- Renuaa Risk Management Advisors, Ll codes 49 $24,781 PY2024
- Bloomberg Finance LP codes 49 $14,720 PY2024
- Evestment Alliance, LLC codes 16 70 $7,217 PY2024
- Cash Balance Liability Hedge Fixed Sched. D M $118M PY2024
- Cash Pool Sched. D M $35.5M PY2024
- Comed - Peco Saf Pool Sched. D M $31.4M PY2024
- Equity Sched. D M $947M PY2024
- Intermediate Credit Pool Sched. D M $424M PY2024
- Liquid Real Estate Pool Sched. D M $43.6M PY2024
- NON Directional Pool Sched. D M $250M PY2024
- Private Credit Pool Sched. D M $322M PY2024
- Private Equity Legacy Pool Sched. D M $150M PY2024
- Private Equity New Pool Sched. D M $334M PY2024
- Real Estate Legacy Pool Sched. D M $67.1M PY2024
- Real Estate New Pool Sched. D M $278M PY2024
- Return Generating Fixed Income Sched. D M $149M PY2024
- Traditional Liability Hedge Fixed I Sched. D M $1.7B PY2024
- Willis Towers Watson US LLC codes 11 PY2024
- Constellation Energy Generation LLC codes 14 $2.7M PY2023
- Alight Solutions LLC codes 15 $766,400 PY2023
- Willis Towers Watson US LLC codes 11 $533,090 PY2023
- Jefferies LLC codes 49 $485,317 PY2023
- Albourne America, LLC codes 16 70 $273,334 PY2023
- Northern Trust Corporation codes 19 21 51 62 68 $197,245 PY2023
- Caissa, LLC codes 49 $117,601 PY2023
- Plante Moran codes 16 70 $110,036 PY2023
- Blackrock Institutional Trust Co codes 28 51 52 68 $92,834 PY2023
- Ariel Investments codes 49 $62,332 PY2023
- Mitchell & Titus, LLP codes 10 $34,148 PY2023
- Cambridge Associates LLC codes 16 70 $31,850 PY2023
- Renuaa Risk Management Advisors, Ll codes 49 $24,064 PY2023
- Blackrock Financial Management, Inc codes 49 $23,839 PY2023
- Bloomberg Finance LP codes 49 $11,382 PY2023
- Vulcan Investment Partners, LLC codes 49 $10,012 PY2023
- JP Morgan codes 49 $8,353 PY2023
- Traditional Liability Hedge Fixed I Sched. D M $2.1B PY2023
- Cash Balance Liability Hedge Fixed Sched. D M $115M PY2023
- Cash Pool Sched. D M $48.0M PY2023
- Comed - Peco Saf Pool Sched. D M $41.7M PY2023
- Equity Sched. D M $905M PY2023
- Intermediate Credit Pool Sched. D M $376M PY2023
- Liquid Real Estate Pool Sched. D M $54.8M PY2023
- NON Directional Pool Sched. D M $285M PY2023
- Private Credit Pool Sched. D M $347M PY2023
- Private Equity Legacy Pool Sched. D M $161M PY2023
- Private Equity New Pool Sched. D M $313M PY2023
- Real Estate Legacy Pool Sched. D M $86.1M PY2023
- Real Estate New Pool Sched. D M $277M PY2023
- Return Generating Fixed Income Sched. D M $136M PY2023
- Willis Towers Watson US LLC codes 11 PY2023
- Alight Solutions LLC codes 15 $2.3M PY2022
- Northern Trust Corporation codes 19 21 51 62 68 $2.0M PY2022
- Constellation Energy Generation LLC codes 49 $1.3M PY2022
- Blackrock Institutional Trust Co codes 28 51 52 68 $465,351 PY2022
- Willis Towers Watson US LLC codes 11 $395,697 PY2022
- Albourne America, LLC codes 16 70 $85,514 PY2022
- Oberweis Asset Management Inc codes 49 $32,272 PY2022
- Blackrock Financial Management, Inc codes 49 $23,504 PY2022
- Evestment Alliance LLC codes 16 70 $18,935 PY2022
- Plante Moran codes 16 70 $11,926 PY2022
- Caissa, LLC codes 49 $11,657 PY2022
- Real Estate Legacy Pool Sched. D M $113M PY2022
- Real Estate New Pool Sched. D M $277M PY2022
- Return Generating Fixed Income Sched. D M $203M PY2022
- Traditional Liability Hedge Fixed I Sched. D M $2.0B PY2022
- Cash Balance Liability Hedge Fixed Sched. D M $76.8M PY2022
- Cash Pool Sched. D M $51.3M PY2022
- Comed - Peco Saf Pool Sched. D M $51.5M PY2022
What changed
7 events
- Dec 31, 2024Consultant changedinferenceEvestment Alliance, LLC appears on Constellation Retirement Program's Schedule C as general consultant (plan year 2024 vs 2023)with Evestment Alliance, LLCaskebsa.dol.gov
- Dec 31, 2024Consultant changedinferenceStepstone Group LP appears on Constellation Retirement Program's Schedule C as general consultant (plan year 2024 vs 2023)with Stepstone Group LLCaskebsa.dol.gov
- Jan 1, 2024Funded status changedConstellation Retirement Program funded ratio 88.5% -> 86.4% (2023-01-01 to 2024-01-01)
- Dec 31, 2023Consultant changedinferenceCambridge Associates LLC appears on Constellation Retirement Program's Schedule C as general consultant (plan year 2023 vs 2022)with Cambridge Associatesaskebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceEvestment Alliance LLC no longer appears on Constellation Retirement Program's Schedule C as general consultant (plan year 2023 vs 2022)with Evestment Alliance, LLCaskebsa.dol.gov
- Jan 1, 2023Funded status changedConstellation Retirement Program funded ratio 105.5% -> 88.5% (2022-02-01 to 2023-01-01)
- Jan 1, 2023Assets changedConstellation Retirement Program plan assets $7.1B -> $5.4B (-24.9%, 2022-02-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 233064219-001
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.