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.
Virginia Retirement System (VRS): what the board decided
Read from the boards’ own minutes and meeting packets, each row with the stance the minutes give it. Approved is a vote or a commitment reported as made under delegated authority; recommended is staff or the consultant asking, with no vote in the record; proposed is an item presented for consideration. Every row carries the sentence that says so. A re-up prospect is arithmetic on the tape: the allocator holds Fund N, the manager has Fund N+1 open, and no commitment to it is on the graph; it is labelled an inference and says nothing about intent.
- Sep 17, 2026Manager terminatedVirginia Retirement System (VRS) terminates Eminence Capital (Public Equity)
- Aug 12, 2026Manager terminatedVirginia Retirement System (VRS) terminates Eminence Capital (Public Equity)
- Aug 12, 2026Manager terminatedVirginia Retirement System (VRS) terminates AgIS (Real Assets)
- Apr 23, 2026Manager terminatedVirginia Retirement System (VRS) terminates AgIS Farmland (Real Assets)
- Apr 23, 2026Consultant changedVirginia Retirement System (VRS) selects Mercer as general consultantwith Mercervaretire.org
- Feb 5, 2026Consultant changedVirginia Retirement System (VRS) selects Mercer as general consultantwith Mercervaretire.org