This allocator's name, 1 more person, 1 more adviser, 32 more managers, 135 more commitments and 273 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.

State retirement system in Idaho

State retirement system· Idaho

State retirement system, based in Idaho, reporting $22B in assets, for 189,492 participants.

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

As of Sep 24, 2026 · the latest dated event for this allocator; each figure carries its own filing or report date

$22B assets · 16.0% private allocationAll 4

Assets: $22B
Private allocation: 16.0%
Fund commitments: 138
Managers: 35

Find My Intro PathPeople to knowView relationships

People to knowView relationshipsInvestment staff

Open searches Plans backing its top manager Similar plans, same strategy Commitments (138)Allocation policy Consultants

As of Sep 24, 2026 · the latest dated event for this allocator; each figure carries its own filing or report date

Suggest a correction

What matters now

1
re-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.
Inferencea successor fund observed for a manager the plan backsRe-up prospects →

This allocator's name, 1 more person, 1 more adviser, 32 more managers, 135 more commitments and 273 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.

People to know

View all people

Chris Brechbuhler
Deputy Chief Investment Officer
Why: Chief investment officer: owns the allocation decision
No route on file yet
Richelle Sugiyama
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

Richelle SugiyamaChief Investment Officer
Jeff CilekChairman
Chris BrechbuhlerDeputy Chief Investment Officer

All 4

State retirement system in Idaho

Funds committed to

Apollo Investment Fund XI, L.P.$85.0M committed
Lindsay Goldberg VI L.P.$85.0M committed
KKR North America Fund XIV SCSp$85.0M committed

All 95

Managers

Blackstone Management Partners L.L.C.$385M across 8 commitments
Hamilton Lane$295M across 7 commitments
Kohlberg & Company$275M across 6 commitments

All 35

Relationship network

181 connected entities138 observed commitments21 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.

Reading the network

Sponsor
Fund or vehicle
Service provider
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.

Who can introduce you

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Size, funding, policy and commitments, with their basesState retirement systemShow

State retirement system

Assets

$22B

Total assets, Jun 30, 2024 derived

Funded

not on record

not filed

Private markets target

16.0%

policy Jun 30, 2025

Commitments

138

1 dated closings

Allocation policy

ACFR, as of Jun 30, 2025

Asset class (as printed)	Bucket	Target	Range	Basis
US Fixed	Fixed income	20.0%		reported source on record
US TIPS	Fixed income	10.0%		reported source on record
Global	Other	18.0%		reported source on record
International Developed	Other	6.0%	10% to 20%	reported source on record
International EM	Other	9.0%		reported source on record
Private Equity	Private equity	8.0%		reported source on record
Broad Domestic Equity	Public equity	21.0%	50% to 65%	reported source on record
Real Estate	Real estate	8.0%		reported source on record

Consultants and advisers

4 firms

Callan LLC General consultantthrough Jun 30, 2025 ACFR
Hamilton Lane Private equity 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.

People

4 roles

Chris Brechbuhler · Deputy Chief Investment Officer
Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility; Confirmed current by a second source 2026-10-18
Richelle Sugiyama · Chief Investment Officer
Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility; Confirmed current by a second source 2026-10-18

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.

Chief investment officer

Richelle Sugiyama

Chief Investment Officer (Jun 30, 2025) source on record

Richelle Sugiyama Chief Investment Officer

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.

Manager roster

35 managers on the commitment tape

From the plan’s own commitment disclosures

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.

What changed

278 events

Sep 24, 2026Re-up prospect resolvedreport dateinference
Re-up prospect for Apollo Investment Fund XI, L.P.: condition no longer holds; not judged
with Apollo Capital Management L.P.
Sep 24, 2026Re-up prospectreport dateinference
with Apollo Capital Management L.P.$75.0M
Jun 10, 2026Commitment closed
with Apollo Investment Fund XI, L.P.$85.0Msource on record
Mar 31, 2026Commitment disclosedreport date
$25.0Msource on record
Mar 31, 2026Commitment disclosedreport date
$50.0Msource on record

+273 more dated events

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

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

Commitments

138 rows, 1 dated closings

Date	Fund	Manager	Bucket	Amount	Vintage	Status	Source
Jun 10, 2026	Apollo Investment Fund XI, L.P.	Apollo	n/a	$85.0M		Committed (dated)	source on record
as of Mar 31, 2026	Lindsay Goldberg VI L.P.	Goldberg Lindsay & Co. LLC	n/a	$85.0M	2023	Disclosed holding	source on record
as of Mar 31, 2026	KKR North America Fund XIV SCSp	unresolved	n/a	$85.0M	2025	Disclosed holding	source on record

+135 more commitments

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

Size and funding

45 readings

Total assets

$22B Jun 30, 2024 derived Census ASPP

$21B (2023-06) · $19B (2022-06)

Fiduciary net position

$22B Jun 30, 2024 reported Census ASPP

Long-term investments

$22B Jun 30, 2024 reported Census ASPP

$21B (2023-06) · $19B (2022-06)

Total pension liability

$2.6B Jun 30, 2024 derived Census ASPP

Discount rate

6.35% Jun 30, 2024 reported Census ASPP

Participants

189,492 Jun 30, 2024 derived Census ASPP

141,989 (2023-06) · 175,190 (2022-06)

Active members

78,354 Jun 30, 2024 derived Census ASPP

73,235 (2023-06) · 72,684 (2022-06)

Beneficiaries

56,084 Jun 30, 2024 reported Census ASPP

53,049 (2023-06) · 52,303 (2022-06)

Benefits paid

$1.4B Jun 30, 2024 reported Census ASPP

$1.3B (2023-06) · $1.2B (2022-06)

Investment expense

$60.3M Jun 30, 2024 reported Census ASPP

$61.4M (2023-06) · $63.4M (2022-06)

Commitment history

1 decision the board record started

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

Identifiers: none on file

Cross-graph: no entry on another DFX graph

First observed Sep 15, 2026, last observed Oct 2, 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.

Capital chain

This record sits on 387 traced paths of capital across the graphs.

Allocator to PE fund to manager to company

DFX traced 387 paths of capital through this record

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

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

Checking your plan…

Record history

278 dated events on the change ledger, latest event first

Re up prospect resolved
2026-09-24
Re up prospect
2026-09-24
Commitment made
2026-06-10source on record

+275 more changes on this record's ledger

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