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

Boston Retirement System

Public pensionstate generalMA
Assets
$7.2B
Total assets, Jun 30, 2024 reported
Funded
n/a
not filed
Private markets target
25.0%
policy Dec 31, 2024
Commitments
0
none on the tape
Allocation policy
ACFR, as of Dec 31, 2024
Asset class (as printed)BucketTargetRangeActualGapBasis
Core fixed incomeFixed income18.0%reported boston.gov
High yield fixed incomeFixed income4.0%reported boston.gov
Hedge fund, global tactical asset allocation, risk parityHedge / diversifiers5.0%reported boston.gov
Emerging market debtPrivate credit3.0%reported boston.gov
Private creditPrivate credit5.0%reported boston.gov
Private equityPrivate equity7.0%reported boston.gov
Domestic equityPublic equity25.0%reported boston.gov
International developed markets equityPublic equity15.0%reported boston.gov
International emerging markets equityPublic equity8.0%reported boston.gov
Real estateReal estate10.0%reported boston.gov
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
No investment staff or executives have been read for this allocator yet.
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
$7.2B Jun 30, 2024 reported Census ASPP
$6.4B (2023-06) · $7.3B (2022-06)
Fiduciary net position
$9.6B Jun 30, 2024 reported Census ASPP
$8.5B (2023-06) · $9.5B (2022-06)
Long-term investments
$6.7B Jun 30, 2024 reported Census ASPP
$6.1B (2023-06) · $6.7B (2022-06)
Total pension liability
$4.2B Jun 30, 2024 derived Census ASPP
$4.8B (2023-06) · $3.5B (2022-06)
Discount rate
6.90% Jun 30, 2024 reported Census ASPP
6.90% (2023-06) · 7.05% (2022-06)
Participants
54,891 Jun 30, 2024 derived Census ASPP
54,856 (2023-06) · 52,902 (2022-06)
Active members
22,489 Jun 30, 2024 derived Census ASPP
22,489 (2023-06) · 21,568 (2022-06)
Beneficiaries
15,436 Jun 30, 2024 reported Census ASPP
15,401 (2023-06) · 14,861 (2022-06)
Benefits paid
$738M Jun 30, 2024 reported Census ASPP
$712M (2023-06) · $679M (2022-06)
Investment expense
$53.2M Jun 30, 2024 reported Census ASPP
$50.6M (2023-06) · $46.5M (2022-06)
What changed
4 events
  • Jun 30, 2024Assets changed
    Boston Retirement System fiduciary net position $8.5B -> $9.6B (+12.3%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2024Assets changed
    Boston Retirement System total assets $6.4B -> $7.2B (+12.2%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2023Assets changed
    Boston Retirement System fiduciary net position $9.5B -> $8.5B (-10.0%, 2022-06-30 to 2023-06-30)
  • Jun 30, 2023Assets changed
    Boston Retirement System total assets $7.3B -> $6.4B (-12.2%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 106074
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.