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.

Corporate pension

Employees' Retirement Plan of Duke University

Corporate pensionDurham, NC
Assets
$2.8B
Total assets, Jun 30, 2025 reported
Funded
111.7%
Jul 1, 2024
Private markets target
n/a
policy Jun 30, 2025
Commitments
0
6 managers on Schedule C
Plan sponsor: Duke University
Allocation policy
Form 5500, as of Jun 30, 2025
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.7%
  • Corporate debt instruments (other) 4.7%
  • Corporate debt instruments (preferred) 6.9%
  • U.S. Government securities 7.0%
  • Other investments 8.7%
  • Partnership/joint venture interests 59.1%
  • Registered investment companies 2.2%
  • Common stock 9.0%
  • Preferred stock 0.2%
Consultants and advisers
3 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
68 managers on Schedule C
From Schedule C (investment management, code 28)
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
33 readings
Total assets
$2.8B Jun 30, 2025 reported Form 5500
$2.6B (2024-06) · $2.5B (2023-06)
Plan assets
$2.6B Jul 1, 2024 reported Form 5500
$2.5B (2023-07) · $2.5B (2022-07)
Net assets
$2.8B Jun 30, 2025 reported Form 5500
$2.6B (2024-06) · $2.5B (2023-06)
Funded ratio
111.7% Jul 1, 2024 reported Form 5500
108.9% (2023-07) · 122.3% (2022-07)
Funding target
$2.1B Jul 1, 2024 reported Form 5500
$2.0B (2023-07) · $1.9B (2022-07)
Discount rate
5.43% Jul 1, 2024 reported Form 5500
5.35% (2023-07) · 5.52% (2022-07)
Participants
38,451 Jul 1, 2024 reported Form 5500
36,103 (2023-07) · 34,886 (2022-07)
Contributions
$32.0M Jun 30, 2025 reported Form 5500
$29.9M (2024-06) · $8.5M (2023-06)
Benefits paid
$95.9M Jun 30, 2025 reported Form 5500
$91.3M (2024-06) · $87.0M (2023-06)
Net investment income
$168M Jun 30, 2025 reported Form 5500
$155M (2024-06) · $-78.9M (2023-06)
Investment management fees
$3.1M Jun 30, 2025 reported Form 5500
$3.2M (2024-06) · $2.9M (2023-06)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Jun 30, 202538,451$2.6B$2.1B111.7%$2.8B$1.6Bn/an/a
2023 to Jun 30, 202436,103$2.5B$2.0B108.9%$2.6B$1.5Bn/an/a
2022 to Jun 30, 202334,886$2.5B$1.9B122.3%$2.5B$1.5Bn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
43 events
  • Dec 31, 2024Manager relationship started
    NFX Capital Management LLC appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with NFX Capital Management LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Pacific Inv Mgmt Company Inc. appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Urban Fund II LP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Urban Fund II LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Northwood Real Estate Co-Inv Te appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Northwood Real Estate Co-Inv Teaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    X10 Capital II LP no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with X10 Capital II LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Tiger Global Pvt Invest Ptr Xii LP no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Tiger Global Pvt Invest Ptr Xii LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Coinbase Custody Trust Company appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Coinbase Custody Trust Companyaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Bayou City Energy LP no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Bayou City Energy LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Sentient Global Resources Fund I, L no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Sentient Global Resources Fund I, Laskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Clearbell II GP LLP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Clearbell II GP LLPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Scf-Ix LP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Scf-Ix LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    AZB & Partners no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with AZB & Partnersaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Eniac Ventures III, LP no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Eniac Ventures III, LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Trace Energy Resources Fund LP no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Trace Energy Resources Fund LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Emerging Beachfront Land Invt Fd II no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Emerging Beachfront Land Invt Fd IIaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Scf-X LP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Scf-X LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    X10 Capital LP no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with X10 Capital LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Scf-Viii LP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Scf-Viii LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Silver Mount Capital Limited no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2024 vs 2023)
    with Silver Mount Capital Limitedaskebsa.dol.gov
  • Jul 1, 2024Funded status changed
    Employees' Retirement Plan of Duke University funded ratio 108.9% -> 111.7% (2023-07-01 to 2024-07-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Trace Energy Resources Fund LP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Trace Energy Resources Fund LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    TZP Capital Partners III, LP no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with TZP Capital Partners III, LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Greenstone Resources II LP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Greenstone Resources II LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    MCP Pvt Cap (feeder) Fund II Scsp no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with MCP Pvt Cap (feeder) Fund II Scspaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Threshold Timber, L.P. no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Threshold Timber, L.P.askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Scf-Viii, L.P. no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Scf-Viii LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    TZP Small Cap Partners II, L.P. no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with TZP Small Cap Partners II, L.P.askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Princeton Equity Advisors, LP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Princeton Equity Advisors, LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    X10 Capital LP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with X10 Capital LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Intervale Capital Fund III, L.P. no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Intervale Capital Fund III, L.P.askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Industrial Opportunity Partners III appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Industrial Opportunity Partners IIIaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Urban Oil & Gas Partners B no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Urban Oil & Gas Partners Baskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Amberjack Capital Fund LP no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Amberjack Capital Fund LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    X10 Capital II LP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with X10 Capital II LPaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Princeton Ventures Management, LLC appears on Employees' Retirement Plan of Duke University's Schedule C as general consultant (plan year 2023 vs 2022)
    with Princeton Ventures Management, LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Scf-Ix, L.P. no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Scf-Ix LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Sentient Global Resources Fund I, L appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Sentient Global Resources Fund I, Laskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    The Energy & Minerals Grp Fnd IV LP appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with The Energy & Minerals Grp Fnd IV LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Xenon Private Equity VI Sicar no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Xenon Private Equity VI Sicaraskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Gateway Capital Real Estate Fd III no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Gateway Capital Real Estate Fd IIIaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Coinbase Custody Trust Company no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with Coinbase Custody Trust Companyaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    TZP Capital Partners II, LP no longer appears on Employees' Retirement Plan of Duke University's Schedule C as investment manager (plan year 2023 vs 2022)
    with TZP Capital Partners II, LPaskebsa.dol.gov
  • Jul 1, 2023Funded status changed
    Employees' Retirement Plan of Duke University funded ratio 122.3% -> 108.9% (2022-07-01 to 2023-07-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 560532129-002
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.