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

Southern Co Pension Plans

Corporate pensionAtlanta, GAcomponent of a larger system

Assets

$16B

Plan assets, Dec 31, 2025 reported

Funded

n/a

not filed

Private markets target

29.0%

policy Dec 31, 2025

Commitments

none on the tape

Allocation policy

10-K XBRL, as of Dec 31, 2025

Asset class (as printed)	Bucket	Target	Actual	Gap	Basis
Fixed Income Securities	Fixed income	30.0%	31.0%	+1.0	reported sec.gov
Infrastructure	Infrastructure	2.0%	0.0%	-2.0	reported sec.gov
Private Credit	Private credit	3.0%	2.0%	-1.0	reported sec.gov
Special Situations Investments	Private credit	3.0%	2.0%	-1.0	reported sec.gov
Private Equity Funds	Private equity	9.0%	11.0%	+2.0	reported sec.gov
Equity Securities	Public equity	41.0%	42.0%	+1.0	reported sec.gov
Real Estate Investment	Real estate	12.0%	12.0%	+0.0	reported sec.gov

Policy periods on the tape: Dec 31, 2025 (10-K XBRL), Dec 31, 2024 (10-K XBRL). Target changes between periods are on the what changed list.

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

No investment staff or executives have been read for this allocator yet.

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

19 readings

Plan assets

$16B Dec 31, 2025 reported 10-K XBRL

$15B (2024-12) · $15B (2023-12)

Benefit obligation

$13B Dec 31, 2025 reported 10-K XBRL

$13B (2024-12) · $13B (2023-12)

Funded status (10-K)

$2.6B Dec 31, 2025 reported 10-K XBRL

$2.0B (2024-12)

Discount rate

5.76% Dec 31, 2025 reported 10-K XBRL

5.07% (2024-12) · 5.25% (2023-12)

Expected return

8.50% Dec 31, 2025 reported 10-K XBRL

8.30% (2024-12) · 8.40% (2023-12)

Expected contributions next year

$0 Dec 31, 2025 reported 10-K XBRL

What changed

1 events

Dec 31, 2025Assets changed
Southern Co Pension Plans plan assets $14.6B -> $15.8B (+8.2%, 2024-12-31 to 2025-12-31)
sec.gov

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

Provenance

Identifiers: CIK 92122

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.