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.
State retirement system
Teachers' Retirement System (TRS)
State retirement systemteachersKY
Assets
$26B
Total assets, Jun 30, 2024 reported
Funded
n/a
not filed
Private markets target
14.0%
policy Jun 30, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Jun 30, 2025
| Asset class (as printed) | Bucket | Target | Range | Actual | Gap | Basis |
|---|---|---|---|---|---|---|
| Cash | Cash | 2.0% | reported trs.ky.gov | |||
| Fixed income | Fixed income | 15.0% | reported trs.ky.gov | |||
| High yield bonds | Fixed income | 2.0% | reported trs.ky.gov | |||
| Other additional categories | Other | 8.0% | reported trs.ky.gov | |||
| Private equity | Private equity | 7.0% | reported trs.ky.gov | |||
| Developed international equity | Public equity | 15.7% | reported trs.ky.gov | |||
| Emerging markets equity | Public equity | 5.3% | reported trs.ky.gov | |||
| Large cap U.S. equity | Public equity | 35.4% | reported trs.ky.gov | |||
| Small cap U.S. equity | Public equity | 2.6% | reported trs.ky.gov | |||
| Real estate | Real estate | 7.0% | reported trs.ky.gov |
Consultants and advisers
1 firms
- Cavanaugh Macdonald Consulting Actuarythrough Jun 30, 2025 ACFR
People
3 roles
Chief investment officer
Tom Siderewicz, CFA
Chief Investment Officer (Jun 30, 2025) trs.ky.gov
Tom Siderewicz, CFA
Chief Investment Officer
- Gary L. Harbin, CPA Executive SecretaryExecutive director / CEO
- Sarah C. Meehan Director of Investment AccountingInvestment officer
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
What changed
4 events
- Jun 30, 2024Assets changedTeachers' Retirement System (TRS) fiduciary net position $24.2B -> $26.1B (+7.7%, 2023-06-30 to 2024-06-30)
- Jun 30, 2024Assets changedTeachers' Retirement System (TRS) total assets $24.2B -> $26.0B (+7.6%, 2023-06-30 to 2024-06-30)
- Jun 30, 2023Assets changedTeachers' Retirement System (TRS) fiduciary net position $22.9B -> $24.2B (+5.9%, 2022-06-30 to 2023-06-30)
- Jun 30, 2023Assets changedTeachers' Retirement System (TRS) total assets $22.8B -> $24.2B (+5.9%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 227024
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.