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 investment pool
South Dakota Investment Council
Assets
$15B
Total assets, Jun 30, 2024 derived
Funded
n/a
not filed
Private markets target
41.8%
policy Jun 30, 2025
Commitments
0
none on the tape
Invests for: South Dakota Retirement System
Allocation policy
ACFR, as of Jun 30, 2025
| Asset class (as printed) | Bucket | Target | Range | Actual | Gap | Basis |
|---|---|---|---|---|---|---|
| Cash | Cash | 1.9% | 0% to 45% | reported sdic.sd.gov | ||
| Aggressive Absolute Return | Hedge / diversifiers | 0.0% | 0% to 5% | reported sdic.sd.gov | ||
| Other Categories* | Other | 0.0% | 0% to 5% | reported sdic.sd.gov | ||
| High Yield Debt (Corporate) | Private credit | 7.0% | 0% to 15% | reported sdic.sd.gov | ||
| High Yield Debt (Real Estate) | Private credit | 0.0% | 0% to 10% | reported sdic.sd.gov | ||
| Investment Grade Debt | Private credit | 22.8% | 13% to 60% | reported sdic.sd.gov | ||
| Private Equity | Private equity | 0.0% | 0% to 12% | reported sdic.sd.gov | ||
| Public Equity | Public equity | 56.3% | 20% to 75% | reported sdic.sd.gov | ||
| Opportunistic Real Estate | Real estate | 0.0% | 0% to 15% | reported sdic.sd.gov | ||
| Real Estate (REIT/Core) | Real estate | 12.0% | 0% to 20% | reported sdic.sd.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
3 roles
Chief investment officer
Matthew L. Clark
State Investment Officer (Jun 30, 2025) sdic.sd.gov
Loren Koepsell, Chair Matthew L. Clark, CFA
South Dakota Investment Council State Investment Officer
- Loren Koepsell Chair, South Dakota Investment CouncilBoard chair
- Travis Almond Executive Director, South Dakota Retirement SystemExecutive director / CEO
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
2 readings
What changed
No dated events yet.
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: none on file
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.