DFX Intelligence

Allocator Intelligence

Colorado Public Employees' Retirement Association

State retirement system· Denver, Coloradocopera.org

State retirement system, based in Denver, Colorado, reporting $57B in assets.

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

Assets
$57B
Private allocation
26.0%
Fund commitments
420
Managers
114
Contact decision makersView relationships
More
Ask DFX about this allocatorInvestment staff
Open searches (5)Plans backing its top managerSimilar plans, same strategyCommitments (420)Allocation policyConsultants
As of · the latest dated event for this allocator; each figure carries its own filing or report date

What may matter next

A pattern DFX replayed against history, using only what was known on each date, points at this record. The rate belongs to the pattern, not to this entity; what already happened is below.

Allocators · Re-upWindow to Sep 2027

Colorado Public Employees' Retirement Association

Emerging

Watch for: commits to the successor fund by Sep 2027.

What DFX sees in the record
  • DerivedColorado Public Employees' Retirement Association holds a fund and the manager's next fund in that series, a fund, is open (fundraising).
  • DerivedNo commitment to the new fund appears on the plan's filings yet.
Why it matters

This allocator committed to the prior fund of a series that now has a successor fund. Existing LPs are the first calls in any raise, so this is the re-up list for the GP, and for a competing GP it shows whose capital may be in play.

Who this is for

GPs raising a successor fund, placement agents, and competing GPs in the same strategy.

Can you reach them

Decision maker identified; on file: LinkedIn.

Read with care: the rate belongs to the pattern, not to this one; it is not a forecast.

How the pattern measured, and every other entity on it: re-up prospects.

What matters now

  1. 2
    re-up prospects

    2 re-up prospects were flagged in the last twelve months: managers it backed raising a successor fund.

    Managers it already backs are raising again; a re-up decision is coming.

    Inferencea successor fund observed for a manager the plan backsRe-up prospects →

7 more people, 111 more managers, 422 more commitments and 451 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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

People to know

View all people
  • Amy C. McGarrity
    Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
All 10
Colorado Public Employees' Retirement Association
Funds committed to
All 297
Managers
All 114

Relationship network

459 connected entities200 observed commitments39 repeat counterparties$16B disclosed commitments (200 commitments)commitments 2025

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.

What stands out
Reading the network
  • Sponsor
  • Fund or vehicle
  • Service provider
  • Organization
  • 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 basesState retirement systemShow
State retirement system
Assets
$57B
Total assets, Jun 30, 2023 derived
Funded
not on record
not filed
Private markets target
26.0%
policy Dec 31, 2025
Commitments
420
104 managers on Schedule C
Divisions and programs: Colorado Pera School Division Pension, Colorado Pera Local Government Division Pension, Colorado Pera Denver Public School Division Pensionand 2 more related allocators

Allocation policy

ACFR, as of Dec 31, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Fixed IncomeFixed income23.0%21.0%-2.0reported content.copera.org
AlternativesPrivate equity6.0%6.0%+0.0reported content.copera.org
Private EquityPrivate equity10.0%7.5%-2.5reported content.copera.org
Global EquityPublic equity51.0%55.7%+4.7reported content.copera.org
Real EstateReal estate10.0%9.0%-1.0reported content.copera.org
Actual allocation lines without a target (as filed)
  • Cash and Cash Equivalents 0.0%

Consultants and advisers

3 firms
  • Linea General consultantthrough Mar 20, 2026 Board minutes
  • Aon General consultantthrough Nov 20, 2025 Board minutes
  • Callan LLC General consultantthrough Mar 14, 2025 Board minutes

Decision makers

who to call first about an allocation, and why; then everyone else by function
  • Amy C. McGarrity · Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility; Confirmed current by a second source 2026-10-01
Who else at this allocator · 1 person, grouped by function
Board, advisers and operating partners (1)
  • Rebecca R. Freyre · Board Chair
    Why this person: Board member; Confirmed current by a second source 2026-10-01

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

10 roles
Chief investment officer
Amy C. McGarrity
Chief Investment Officer (Sep 30, 2026) copera.org
g from the University of Colorado Denver and is a Certified Public Accountant. Amy C. McGarrity Position: Chief Investment Officer Amy C. McGarrity is Chief Investment Officer at Colorado PERA and is
Amy C. McGarrity
Chief Investment Officer/Chief Operating Officer (Dec 31, 2025) content.copera.org
Amy C. McGarrity, Chief Investment Officer/Chief Operating Officer, was selected by her fellow committee members to serve as secretary of the Investor Advisory Committee

+7 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

114 managers on the commitment tape
From the plan’s own commitment disclosures

+111 more managers received commitments

Every name, record and relationship behind this count, with the source on each.

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

What changed

456 events
  • Sep 24, 2026Re-up prospectreport dateinference
    Colorado Public Employees' Retirement Association holds Lexington Capital Partners X, L.P. ($100M); the manager is raising: Lexington Capital Partners XI, L.P. (fundraising, seen 2026-09-24); no commitment to it on the graph
    with Lexington Partners
  • Sep 23, 2026re up prospect resolvedreport dateinference
    Re-up prospect for Francisco Partners VIII, L.P.: condition no longer holds; not judged
    with Francisco Partners
  • Sep 16, 2026Re-up prospectreport dateinference
    Colorado Public Employees' Retirement Association holds Francisco Partners VII, L.P. ($75M); the manager is raising: Francisco Partners VIII, L.P. (fundraising, seen 2026-09-16); no commitment to it on the graph
    with Francisco Partners
  • Mar 20, 2026Search opened
    Colorado Public Employees' Retirement Association (Colorado PERA) opens a investment systems roadmap consultant search
    content.copera.org
  • Mar 20, 2026Consultant changed
    Colorado Public Employees' Retirement Association (Colorado PERA) selects Linea as general consultant
    content.copera.org

+451 more dated events

Every name, record and relationship behind this count, with the source on each.

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

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Commitments

425 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2025Blackstone Capital Partners IIIBlackstone Management Partners III LLCPrivate equity$300M1997Disclosed holdingcontent.copera.org
as of Dec 31, 2025Warburg Pincus Private Equity IXWarburg Pincus LLCPrivate equity$225M2005Disclosed holdingcontent.copera.org
as of Dec 31, 2025Hicks Muse Tate & Furst Equity Fund IVHicks, Muse & Co. Partners, L.P.Private equity$200M1998Disclosed holdingcontent.copera.org

+422 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

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

Size and funding

1 reading
Total assets
$57B Jun 30, 2023 derived DFX analyst

Provenance

Identifiers: none on file
Cross-graph: private equity LP tape (cited), venture LP tape (cited)
First observed Sep 15, 2026, last observed Sep 30, 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.

Across the graphs

Colorado Public Employees' Retirement Association is the same institution as 1 record in Venture Capital.

Venture Capital1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Capital chain

Colorado Public Employees' Retirement Association sits on 1059 traced paths of capital across the graphs.

Allocator to VC fund to manager to companyConsultant to allocator to managerAllocator to credit manager to facility to borrower

DFX traced 1,059 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

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

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Record history

465 dated events on the change ledger, latest event first
  • Re up prospect
    2026-09-24
  • Re up prospect resolved
    2026-09-23
  • Re up prospect
    2026-09-16

+462 more changes on this record's ledger

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

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

+426 connections on the graph

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