Persi Base DB Plan
State retirement system, based in Idaho, reporting $22B in assets, for 189,492 participants.
Composed from this allocator's classification, location and filed figures.
What matters now
- 1re-up prospects
1 re-up prospect was flagged in the last twelve months: a manager it backed raising a successor fund.
Managers it already backs are raising again; a re-up decision is coming.
1 more person, 1 more adviser, 32 more managers, 135 more commitments and 136 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- Deputy Chief Investment OfficerWhy: Chief investment officer: owns the allocation decisionNo route on file yet
- Chief Investment OfficerWhy: Chief investment officer: owns the allocation decisionNo route on file yet
Capital path
who backs this record, through what, into what; each name opens its own path- Richelle SugiyamaChief Investment Officer
- Jeff CilekChairman
- Chris BrechbuhlerDeputy Chief Investment Officer
- Apollo Investment Fund XI, L.P.$85.0M committed
- Platinum Equity Small Cap Fund II, L.P.$85.0M committed
- Lindsay Goldberg VI L.P.$85.0M committed
- Blackstone Management Partners L.L.C.$385M across 8 commitments
- Hamilton Lane$295M across 7 commitments
- Kohlberg & Company$275M across 6 commitments
Relationship network
181 connected entities138 observed commitments20 repeat counterparties$5.4B disclosed commitments (138 commitments)24 dated commitments shown here, 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.
- Sponsor
- Fund or vehicle
- Service provider
- Person
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 systemShowHide
| Asset class (as printed) | Bucket | Target | Range | Actual | Gap | Basis |
|---|---|---|---|---|---|---|
| US Fixed | Fixed income | 20.0% | reported persi.idaho.gov | |||
| US TIPS | Fixed income | 10.0% | reported persi.idaho.gov | |||
| Global | Other | 18.0% | reported persi.idaho.gov | |||
| International Developed | Other | 6.0% | 10% to 20% | reported persi.idaho.gov | ||
| International EM | Other | 9.0% | reported persi.idaho.gov | |||
| Private Equity | Private equity | 8.0% | reported persi.idaho.gov | |||
| Broad Domestic Equity | Public equity | 21.0% | 50% to 65% | reported persi.idaho.gov | ||
| Real Estate | Real estate | 8.0% | reported persi.idaho.gov |
- Hamilton Lane Private equity consultantthrough Jun 30, 2025 ACFR
- Callan LLC General consultantthrough Jun 30, 2025 ACFR
- Bank of New York Mellon Custodianthrough Jun 30, 2025 ACFR
+1 more consultant or adviser advise this allocator
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
- Chris Brechbuhler · Deputy Chief Investment OfficerWhy this person: Chief investment officer: owns the allocation decision; Named with investment responsibility; Confirmed current by a second source 2026-10-01
- Richelle Sugiyama · Chief Investment OfficerWhy 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
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.
- Jeff Cilek ChairmanBoard chair
- Chris Brechbuhler Deputy Chief Investment OfficerDeputy CIO
+1 more person 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.
- Blackstone Management Partners L.L.C.$385M, 8 rows, latest Mar 31, 2026
- Hamilton Lane$295M, 7 rows, latest Mar 31, 2026
- Kohlberg & Company$275M, 6 rows, latest Mar 31, 2026
+32 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.
- Sep 24, 2026re up prospect resolvedreport dateinferenceRe-up prospect for Apollo Investment Fund XI, L.P.: condition no longer holds; not judgedwith Apollo Capital Management L.P.no URL
- Sep 24, 2026Re-up prospectreport dateinferencePersi Base DB Plan holds Apollo Investment Fund X, L.P. ($75M); the manager is raising: Apollo Investment Fund XI, L.P. (fundraising, seen 2026-09-24); no commitment to it on the graphwith Apollo Capital Management L.P.no URL
- Jun 10, 2026Commitment closedPersi Base DB Plan commits $85M to Apollo Investment Fund XI, L.P., closed 2026-06-10with Apollo Investment Fund XI, L.P.persi.idaho.gov
- Mar 31, 2026Commitment disclosedreport datePersi Base DB Plan reports Blackstone Capital Partners VI, L.P.: $40M committed (Blackstone Management Partners L.L.C.) (as of 2026-03-31)with Blackstone Management Partners L.L.C.persi.idaho.gov
- Mar 31, 2026Commitment disclosedreport datePersi Base DB Plan reports Hamilton Lane Secondary Fund III, L.P.: $20M committed (as of 2026-03-31)with Hamilton Lanepersi.idaho.gov
+136 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.
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| Jun 10, 2026 | Apollo Investment Fund XI, L.P. | Apollo | n/a | $85.0M | Committed (dated) | persi.idaho.gov | |
| as of Mar 31, 2026 | Advent International GPE XI SCSp | unresolved | n/a | $85.0M | 2025 | Disclosed holding | persi.idaho.gov |
| as of Mar 31, 2026 | Platinum Equity Small Cap Fund II, L.P. | Platinum Equity Advisors, LLC | n/a | $85.0M | 2023 | Disclosed holding | persi.idaho.gov |
+135 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.
| Vehicle | Manager | Amount | State | Proposed | Approved | Closed | First reported | Other LPs |
|---|---|---|---|---|---|---|---|---|
| Apollo Investment Fund XI, L.P. | n/a | $85.0M | closed | - | - | Jun 10, 2026 | - | 1 |
Provenance
Not yet on record: funded ratio.
Persi Base DB Plan sits on 264 traced paths of capital across the graphs.
DFX traced 264 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
- Re up prospect resolved2026-09-24
- Re up prospect2026-09-24
- Commitment made2026-06-10source on record
+138 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
+128 connections on the graph
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.