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.
Assets
$44B
Total assets, Jun 30, 2024 derived
Funded
n/a
not filed
Private markets target
35.0%
policy Jun 30, 2025
Commitments
0
none on the tape
Invests for: Indiana Public Employees' Retirement Fund (PERF), Indiana Police and Fire Pension and Disability Fund (1977 Fund), Indiana Judges' Retirement System (JRS), Indiana State Police Retirement Fund, Indiana Trf - Pre-1996 Account, Indiana Trf - 1996 Account
Allocation policy
ACFR, as of Jun 30, 2025
| Asset class (as printed) | Bucket | Target | Range | Actual | Gap | Basis |
|---|---|---|---|---|---|---|
| Fixed Income - Ex Inflation-Linked | Fixed income | 20.0% | 17% to 23% | 18.3% | -1.7 | reported in.gov |
| Fixed Income - Inflation-Linked | Fixed income | 15.0% | 12% to 18% | 13.5% | -1.5 | reported in.gov |
| Absolute Return | Hedge / diversifiers | 5.0% | 0% to 10% | 5.8% | +0.8 | reported in.gov |
| Risk Parity | Hedge / diversifiers | 20.0% | 15% to 25% | 20.9% | +0.9 | reported in.gov |
| Commodities | Natural resources | 10.0% | 7% to 13% | 9.1% | -0.9 | reported in.gov |
| Private Markets | Private equity | 15.0% | 10% to 20% | 16.2% | +1.2 | reported in.gov |
| Public Equity | Public equity | 20.0% | 17% to 23% | 19.8% | -0.2 | reported in.gov |
| Real Assets | Real assets | 10.0% | 5% to 15% | 9.9% | -0.1 | reported in.gov |
Actual allocation lines without a target (as filed)
- Cash and Cash Overlay 0.3%
Consultants and advisers
2 firms
- Verus Consulting General consultantthrough Jun 30, 2025 ACFR
- Cavanaugh Macdonald Consulting Actuarythrough Jun 30, 2025 ACFR
People
2 roles
Chief investment officer
Scott Davis
Chief Investment Officer (Jun 30, 2025) in.gov
Scott Davis Jeff Gill
Chief Investment Officer Chief Legal,
- Steve Russo 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
2 readings
What changed
2 events
- May 2, 2025Policy updatedIndiana Public Retirement System (INPRS) adopts a policy change: Investment Policy Statement
- Jun 30, 2024Assets changedIndiana Public Retirement System total assets $40.8B -> $43.8B (+7.3%, 2023-06-30 to 2024-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: none on file
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 16, 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.