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

Kern County Employees Retirement Association

Public pensionmunicipalCA
Assets
$6.1B
Total assets, Jun 30, 2024 reported
Funded
n/a
not filed
Private markets target
n/a
policy Jun 30, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Jun 30, 2025
Actual allocation lines without a target (as filed)
  • Cash 0.6%
  • Hedge Funds 9.4%
  • Opportunistic 2.6%
  • Commodities 3.9%
  • Alpha Pool 2.5%
  • Core 10.5%
  • Domestic 17.9%
  • International Developed 11.8%
  • Midstream 4.9%
  • Credit 11.0%
  • Private Credit 6.3%
  • Private Equity 5.2%
  • Emerging Market 3.9%
  • Private Real Assets 3.9%
  • Core Real Estate 5.6%
Consultants and advisers
5 firms
People
1 roles
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
$6.1B Jun 30, 2024 reported Census ASPP
$5.4B (2023-06) · $5.3B (2022-06)
Fiduciary net position
$5.9B Jun 30, 2024 reported Census ASPP
$5.4B (2023-06) · $5.1B (2022-06)
Long-term investments
$5.5B Jun 30, 2024 reported Census ASPP
$4.8B (2023-06) · $4.9B (2022-06)
Total pension liability
$2.4B Jun 30, 2024 reported Census ASPP
$2.5B (2023-06) · $2.4B (2022-06)
Discount rate
7.00% Jun 30, 2024 reported Census ASPP
7.00% (2023-06) · 7.25% (2022-06)
Participants
24,326 Jun 30, 2024 derived Census ASPP
23,104 (2023-06) · 22,106 (2022-06)
Active members
10,217 Jun 30, 2024 derived Census ASPP
9,557 (2023-06) · 9,076 (2022-06)
Beneficiaries
9,281 Jun 30, 2024 reported Census ASPP
9,156 (2023-06) · 9,015 (2022-06)
Benefits paid
$427M Jun 30, 2024 reported Census ASPP
$410M (2023-06) · $392M (2022-06)
Investment expense
$88.2M Jun 30, 2024 reported Census ASPP
$73.3M (2023-06) · $59.8M (2022-06)
What changed
1 events
  • Jun 30, 2024Assets changed
    Kern County Employees Retirement Association total assets $5.4B -> $6.1B (+12.1%, 2023-06-30 to 2024-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 100624
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.