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.

Public pension

Alameda County Retirement Association

Public pensionmunicipalCA
Assets
$11B
Total assets, Jun 30, 2024 reported
Funded
n/a
not filed
Private markets target
32.0%
policy Dec 31, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Dec 31, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
CashCash0.0%3.6%+3.6reported acera.org
Fixed IncomeFixed income14.0%15.4%+1.4reported acera.org
Absolute ReturnHedge / diversifiers6.0%6.9%+0.9reported acera.org
OverlayHedge / diversifiers0.0%1.3%+1.3reported acera.org
Private CreditPrivate credit6.8%4.0%-2.8reported acera.org
Private EquityPrivate equity11.0%7.2%-3.8reported acera.org
Public EquityPublic equity48.0%49.5%+1.5reported acera.org
Real AssetsReal assets6.0%6.3%+0.3reported acera.org
Real EstateReal estate8.2%5.8%-2.4reported acera.org
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.
People
1 roles
  • David Nelsen Chief Executive OfficerExecutive 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
57 readings
Total assets
$11B Jun 30, 2024 reported Census ASPP
$10B (2023-06) · $12B (2022-06)
Fiduciary net position
$10B Jun 30, 2024 reported Census ASPP
$9.3B (2023-06) · $10B (2022-06)
Long-term investments
$11B Jun 30, 2024 reported Census ASPP
$10B (2023-06) · $12B (2022-06)
Total pension liability
$1.7B Jun 30, 2024 derived Census ASPP
$2.2B (2023-06) · $792M (2022-06)
Discount rate
7.00% Jun 30, 2024 reported Census ASPP
7.00% (2023-06) · 7.00% (2022-06)
Participants
26,342 Jun 30, 2024 derived Census ASPP
25,493 (2023-06) · 25,010 (2022-06)
Active members
11,495 Jun 30, 2024 derived Census ASPP
11,290 (2023-06) · 11,287 (2022-06)
Beneficiaries
11,004 Jun 30, 2024 reported Census ASPP
10,764 (2023-06) · 10,507 (2022-06)
Benefits paid
$606M Jun 30, 2024 reported Census ASPP
$578M (2023-06) · $547M (2022-06)
Investment expense
$68.3M Jun 30, 2024 reported Census ASPP
$42.1M (2023-06) · $79.7M (2022-06)
What changed
2 events
  • Jun 30, 2024Assets changed
    Alameda County Retirement Association fiduciary net position $9.3B -> $10.2B (+10.4%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2023Assets changed
    Alameda County Retirement Association total assets $11.8B -> $10.3B (-13.1%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 119287
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.