Public pension in California

Public pensionmunicipal· California

Public pension, based in California, reporting $38B in assets, for 81,175 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$38B
Fund commitments
3
Managers
3
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: Jan 14, 2026, 3 open manager searches: Actuarial Consulting Services search; Passive Large Cap Growth Index search; SFDCP Large Cap Growth Equity Fund search.

This allocator's name, 13 more people, 2 more advisers and 8 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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People to know

View all people
  • Chief Executive Officer and Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Managing Director-Asset Allocation, Risk Management and Innovative Solutions
    Why: Managing director
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
  • Alison RomanoChief Executive Officer and Chief Investment Officer
  • Anna LangsManaging Director-Asset Allocation, Risk Management and Innovative Solutions
  • Anna LangsManaging Director, Asset Allocation, Risk Management and Innovative Solutions
All 16
Public pension in California
Managers

Relationship network

24 connected entities3 observed commitments1 repeat counterparty$185M disclosed commitments (3 commitments)commitments 2025

From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Fund or vehicle
  • Service provider
  • Person
›How strength and recency are read

Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Size, funding, policy and commitments, with their basesPublic pensionShow
Public pension
Assets
$38B
Fiduciary net position, Jun 30, 2025 reported
Funded
not on record
not filed
Private markets target
no policy read
no policy read
Commitments
3
3 dated closings

Consultants and advisers

5 firms

+2 more consultants and advisers advise this allocator

Every name, record and relationship behind this count, with the source on each.

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People

16 roles
  • Alison Romano · Chief Executive Officer and Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Anna Langs · Managing Director-Asset Allocation, Risk Management and Innovative Solutions
    Why this person: Managing director; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Chief investment officer
Alison Romano
Chief Executive Officer and Chief Investment Officer (Jun 30, 2025) source on record
Alison Romano, Chief Executive Officer and Chief Investment Officer
  • Anna Langs Managing Director-Asset Allocation, Risk Management and Innovative SolutionsAsset-class head
  • Anna Langs Managing Director, Asset Allocation, Risk Management and Innovative SolutionsAsset-class head

+13 more people on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

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Manager roster

3 managers on the commitment tape
From the plan’s own commitment disclosures

What changed

13 events
  • Jan 14, 2026Search opened
    source on record
  • Jan 14, 2026Search opened
    with Northern Trust Investments, Incorporatedsource on record
  • Jan 14, 2026Manager terminated
    with Vanguardsource on record
  • Nov 12, 2025Manager terminated
    source on record
  • Nov 12, 2025Search opened
    source on record

+8 more dated events

Every name, record and relationship behind this count, with the source on each.

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Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Commitments

3 rows, 3 dated closings
DateFundManagerBucketAmountVintageStatusSource
Jun 30, 2025Artemis Real Estate Partners Healthcare Fund III, L.P.Artemis Real Estate Partners Fund IReal estate$60.0MCommitted (dated)re-upsource on record
Jun 30, 2025Stripes VII, LPStripes, LLCVenture$50.0MCommitted (dated)source on record
Jun 11, 2025Strategic Partners Infrastructure IV L.P.BlackstoneInfrastructure$75.0M2024Committed (dated)re-upsource on record

Size and funding

58 readings
Total assets
$35B Jun 30, 2024 reported Census ASPP
$34B (2023-06) · $33B (2022-06)
Fiduciary net position
$38B Jun 30, 2025 reported ACFR
$35B (2024-06) · $34B (2023-06) · $33B (2022-06)
Long-term investments
$35B Jun 30, 2024 reported Census ASPP
$33B (2023-06) · $32B (2022-06)
Total pension liability
$4.0B Jun 30, 2024 reported Census ASPP
$3.6B (2023-06) · $2.7B (2022-06)
Discount rate
7.20% Jun 30, 2024 reported Census ASPP
7.20% (2023-06) · 7.20% (2022-06)
Participants
81,175 Jun 30, 2024 derived Census ASPP
78,778 (2023-06) · 77,003 (2022-06)
Active members
35,418 Jun 30, 2024 derived Census ASPP
34,017 (2023-06) · 33,199 (2022-06)
Beneficiaries
32,654 Jun 30, 2024 reported Census ASPP
32,104 (2023-06) · 31,719 (2022-06)
Benefits paid
$1.9B Jun 30, 2024 reported Census ASPP
$1.8B (2023-06) · $1.7B (2022-06)
Investment expense
$57.1M Jun 30, 2024 reported Census ASPP
$53.8M (2023-06) · $80.8M (2022-06)

Commitment history

3 decisions the board record started
VehicleManagerAmountStateProposedApprovedClosedFirst reportedOther LPs
Stripes VII, LPStripes, LLC$50.0Mclosed--Jun 30, 2025--
Artemis Real Estate Partners Healthcare Fund III, L.P.Artemis Real Estate Partners Fund I$60.0Mclosed--Jun 30, 2025--
Strategic Partners Infrastructure IV L.P.Blackstone$75.0Mclosed--Jun 11, 2025-1

Provenance

Identifiers: none on file
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 23, 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.

Not yet on record: funded ratio, private markets allocation target, allocation policy.

Capital chain

This record sits on 25 traced paths of capital across the graphs.

Allocator commitments to a managerAllocator to PE fund to manager to companyConsultant to allocator to manager

DFX traced 25 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Record history

12 dated events on the change ledger, latest event first
  • Search opened
    2026-01-14source on record
  • Manager terminated
    2026-01-14source on record
  • Search opened
    2026-01-14source on record

+9 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+8 connections on the graph

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