Dallas Police and Fire Pension System

Public pensionpolice fire· Texas

Public pension, based in Texas, reporting $1.9B in assets, for 10,757 participants.

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

Assets
$1.9B
Fund commitments
87
Managers
12
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 31 Mar 2026, Dallas Police and Fire Pension System reports Ashmore Global Special Situations Fund IV: $70M committed (as of 2026-03-31).

4 more people, 9 more managers, 87 more commitments and 86 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.

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People to know

View all people
  • Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Senior Investment Officer
    Why: Investment officer
    No route on file yet
  • Executive Director
    Why: Executive director: runs the plan or the office
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
All 7
Dallas Police and Fire Pension System
Funds committed to
All 26
Managers
All 12

Relationship network

106 connected entities90 observed commitments10 repeat counterparties$3.1B disclosed commitments (88 commitments)15 dated commitments shown here, 2000 to 2026

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
  • 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 basesPublic pensionShow
Public pension
Assets
$1.9B
Total assets, Jun 30, 2024 reported
Funded
not on record
not filed
Private markets target
no policy read
no policy read
Commitments
87
49 dated closings

Consultants and advisers

No adviser relationship is on the tape for this allocator. Public systems name theirs in the ACFR; plans list them on Schedule C.

Decision makers

who to call first about an allocation, and why; then everyone else by function
  • Ryan Wagner · Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Divyesh Shah · Senior Investment Officer
    Why this person: Investment officer; Named with investment responsibility
  • Kelly Gottschalk · Executive Director
    Why this person: Executive director: runs the plan or the office

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

7 roles
Chief investment officer
Ryan Wagner
Chief Investment Officer (Sep 30, 2026) dpfp.org
luding monthly reporting, treasury management, and the annual audit. Read More Ryan Wagner | Chief Investment Officer Ryan Wagner joined the Dallas Police & Fire Pension System (DPFP) in 2012 as an In

+4 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

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

+9 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

91 events
  • Mar 31, 2026Commitment disclosedreport date
    Dallas Police and Fire Pension System reports Ashmore Global Special Situations Fund IV: $70M committed (as of 2026-03-31)
  • Mar 31, 2026Commitment disclosedreport date
    Dallas Police and Fire Pension System reports Huff Alternative Income Fund: $40M committed (as of 2026-03-31)
  • Mar 31, 2026Commitment disclosedreport date
    Dallas Police and Fire Pension System reports CDK Southern Cross: $2M committed (as of 2026-03-31)
  • Mar 31, 2026Commitment disclosedreport date
    Dallas Police and Fire Pension System reports Clarion The Tribute: $30M committed (as of 2026-03-31)
  • Mar 31, 2026Commitment disclosedreport date
    Dallas Police and Fire Pension System reports L&B Realty Advisors KO Olina: $29M committed (as of 2026-03-31)

+86 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

90 rows, 50 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Mar 31, 2026Levine Leichtman Capital Deep Value Fundunresolvedn/a$75.0M2006Disclosed holdingdpfp.org
as of Mar 31, 2026Ashmore Global Special Situations Fund IVunresolvedn/a$70.0M2007Disclosed holdingdpfp.org
as of Mar 31, 2026AEW Preferred Equityunresolvedn/a$69.7M2008Disclosed holdingdpfp.org

+87 more commitments

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

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Size and funding

57 readings
Total assets
$1.9B Jun 30, 2024 reported Census ASPP
$1.8B (2023-06) · $2.2B (2022-06)
Fiduciary net position
$1.9B Jun 30, 2024 reported Census ASPP
$1.8B (2023-06) · $2.2B (2022-06)
Long-term investments
$1.8B Jun 30, 2024 reported Census ASPP
$1.7B (2023-06) · $2.1B (2022-06)
Total pension liability
$3.8B Jun 30, 2024 derived Census ASPP
$3.4B (2023-06) · $3.0B (2022-06)
Discount rate
6.50% Jun 30, 2024 reported Census ASPP
6.50% (2023-06) · 6.50% (2022-06)
Participants
10,757 Jun 30, 2024 derived Census ASPP
10,626 (2023-06) · 10,517 (2022-06)
Active members
5,131 Jun 30, 2024 derived Census ASPP
5,085 (2023-06) · 5,088 (2022-06)
Beneficiaries
5,372 Jun 30, 2024 reported Census ASPP
5,289 (2023-06) · 5,196 (2022-06)
Benefits paid
$338M Jun 30, 2024 reported Census ASPP
$329M (2023-06) · $324M (2022-06)
Investment expense
$6.5M Jun 30, 2024 reported Census ASPP
$8.6M (2023-06) · $11.2M (2022-06)

Provenance

Identifiers: Census PID6 187650
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 25, 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, private markets allocation target, allocation policy.

Capital chain

Dallas Police and Fire Pension System sits on 28 traced paths of capital across the graphs.

Allocator commitments to a managerAllocator to PE fund to manager to company

DFX traced 28 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.

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Record history

91 dated events on the change ledger, latest event first
  • Commitment disclosed
    2026-03-31source on record
  • Commitment disclosed
    2026-03-31source on record
  • Commitment disclosed
    2026-03-31source on record

+88 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

+27 connections on the graph

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