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
University of California Retirement Plan (UCRP)
State retirement systemteachersCA
Assets
$99B
Total assets, Jun 30, 2024 derived
Funded
n/a
not filed
Private markets target
26.5%
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 | 0.0% | 2.5% | +2.5 | reported ucop.edu | |
| Fixed Income | Fixed income | 17.0% | 10.5% | -6.5 | reported ucop.edu | |
| Absolute Return | Hedge / diversifiers | 3.5% | 0.5% | -3.0 | reported ucop.edu | |
| Private Credit | Private credit | 3.5% | 2.2% | -1.3 | reported ucop.edu | |
| Private Equity | Private equity | 12.0% | 12.0% | +0.0 | reported ucop.edu | |
| Public Equity | Public equity | 53.0% | 63.2% | +10.2 | reported ucop.edu | |
| Real Assets | Real assets | 4.0% | 2.6% | -1.4 | reported ucop.edu | |
| Real Estate | Real estate | 7.0% | 6.5% | -0.5 | reported ucop.edu |
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
2 roles
Chief investment officer
Jagdeep Singh Bachher, Ph.D.
Chief Investment Officer (Jun 30, 2025) ucop.edu
Jagdeep Singh Bachher, Ph.D.
Chief Investment Officer
- Mark Robinson ChairCommittee chair
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
54 readings
What changed
5 events
- Jul 15, 2025Policy updatedUniversity of California Regents Investments Committee (UC Retirement Plan) adopts a policy change: asset allocation policy (UCRP, GEP, TRIP, STIP, BGE)
- Jun 30, 2024Assets changedUniversity of California Retirement Plan (UCRP) fiduciary net position $88.2B -> $98.7B (+11.9%, 2023-06-30 to 2024-06-30)
- Jun 30, 2024Assets changedUniversity of California Retirement Plan (UCRP) total assets $92.8B -> $98.7B (+6.3%, 2023-06-30 to 2024-06-30)
- Jun 30, 2023Assets changedUniversity of California Retirement Plan (UCRP) fiduciary net position $81.4B -> $88.2B (+8.4%, 2022-06-30 to 2023-06-30)
- Jun 30, 2023Assets changedUniversity of California Retirement Plan (UCRP) total assets $81.5B -> $92.8B (+14.0%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 226204
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 16, 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.