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.
Allocators
Explore the capital owners
One row per allocator with the latest reported assets, funded status where the plan files one, the private markets target where a policy is read, and how much of its book is on the commitment tape. Components of a larger system (a division, a plan an investment office invests for) are folded into the parent.
13,862 allocators
| Allocator | Type | State | Assets | As of | Private markets target | Funded | Commitments | Managers | Consultants |
|---|---|---|---|---|---|---|---|---|---|
| Genworth Financial Inc | insurer | VA | $59B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 |
| Yale University | endowment | CT | $59B | Jun 30, 2025 | n/a | n/a | 0 | 0 | 0 |
| The Wellcome Trust | foundation | $58B | Sep 30, 2025 | n/a | n/a | 0 | 0 | 0 | |
| Colorado Public Employees' Retirement Association | state | CO | $57Bderived | Jun 30, 2023 | 26.0% | n/a | 425 | 208 | 4 |
| Western Conference of Teamsters Pension Plan | Taft-Hartley | WA | $56B | Dec 31, 2024 | n/a | 95.3% | 56 | 28 | 1 |
| Loews Corp | insurer | NY | $55B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 |
| Unitedhealth Group Inc | insurer | MN | $54B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 |
| Arizona State Retirement System | state | AZ | $53Bderived | Jun 30, 2024 | 50.0% | n/a | 0 | 0 | 5 |
| Alabama Teachers' Retirement System (TRS) | state | AL | $53B | Sep 30, 2025 | 20.0% | n/a | 0 | 0 | 1 |
| Missouri Public School Retirement System | state | MO | $52Bderived | Jun 30, 2024 | 40.0% | n/a | 0 | 0 | 1 |
| Harvard Management Private Equity Corporation | endowment | MA | $51B | Jun 30, 2025 | n/a | n/a | 0 | 0 | 0 |
| South Carolina Retirement System (SCRS) | state | SC | $51B | Jun 30, 2025 | 28.0% | n/a | 30 | 15 | 1 |
| Texas Municipal Retirement System | state | TX | $49B | Dec 31, 2025 | 59.0% | n/a | 29 | 7 | 3 |
| Central States, Southeast & Southwest Areas Pension Plan | Taft-Hartley | IL | $48B | Dec 31, 2024 | n/a | 15.0% | 2 | 2 | 0 |
| Donor Advised Charitable Giving | other | CO | $48B | Jun 30, 2025 | n/a | n/a | 0 | 0 | 0 |
| Texas County and District Retirement System | state | TX | $47Bderived | Jun 30, 2024 | n/a | n/a | 0 | 0 | 0 |
| Iowa Public Employees Retirement System (IPERS) | state | IA | $47B | Jun 30, 2025 | 37.5% | n/a | 0 | 0 | 1 |
| Arch Capital Group Ltd. | insurer | $47B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 | |
| Princeton University | endowment | NJ | $46B | Jun 30, 2025 | n/a | n/a | 0 | 0 | 0 |
| Everest Group, Ltd. | insurer | $45B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 | |
| Massachusetts Institute of Technology | endowment | MA | $45B | Jun 30, 2025 | n/a | n/a | 0 | 0 | 0 |
| Indiana Public Retirement System | pool | IN | $44Bderived | Jun 30, 2024 | 35.0% | n/a | 0 | 0 | 1 |
| Unum Group | insurer | TN | $44B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 |
| Pennsylvania State Employees Retirement System | state | PA | $43B | Dec 31, 2025 | n/a | n/a | 6 | 2 | 2 |
| General Motors Hourly-Rate Employees Pension Plan | corporate | MI | $42B | Sep 30, 2025 | n/a | 83.6% | 19 | 2 | 0 |
| RTX Consolidated Pension Plan | corporate | CT | $42B | Dec 31, 2024 | n/a | 103.4% | 2 | 2 | 2 |
| State Farm Insurance Companies Retirement Plan for United States Employees | corporate | IL | $38B | Dec 31, 2024 | n/a | 136.2% | 0 | 0 | 0 |
| Texas Employees Retirement System | state | TX | $38B | Jun 30, 2024 | 46.0% | n/a | 0 | 0 | 2 |
| San Francisco City and County Employees Retirement System | public | CA | $38B | Jun 30, 2025 | n/a | n/a | 3 | 3 | 5 |
| Massachusetts Pension Reserves Investment Management Board | pool | MA | $37Bderived | Jun 30, 2023 | n/a | n/a | 115 | 140 | 10 |
| Trustees of the University of Pennsylvania | endowment | PA | $37B | Jun 30, 2025 | n/a | n/a | 0 | 0 | 0 |
| Renaissancere Holdings Ltd | insurer | $36B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 | |
| Utah Noncontributory Retirement System | state | UT | $35Bderived | Jun 30, 2024 | n/a | n/a | 0 | 0 | 0 |
| Kaiser Permanente Retirement Plan | corporate | CA | $34B | Dec 31, 2024 | n/a | 105.0% | 43 | 0 | 0 |
| Mississippi Public Employees Retirement System (PERS) | state | MS | $34Bderived | Jun 30, 2024 | 24.0% | n/a | 0 | 0 | 1 |
| Markel Group Inc. | insurer | VA | $33B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 |
| Tennessee Consolidated Retirement System | state | TN | $33Bderived | Jun 30, 2024 | 20.0% | n/a | 0 | 0 | 3 |
| Cincinnati Financial Corp | insurer | OH | $32B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 |
| Berkley W R Corp | insurer | CT | $31B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 |
| Los Angeles Fire and Police Pension System | public | CA | $31B | Jun 30, 2025 | 33.3% | n/a | 0 | 0 | 0 |
| CNO Financial Group, Inc. | insurer | IN | $30B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 |
| University of Notre Dame du Lac | endowment | IN | $30B | Jun 30, 2025 | n/a | n/a | 0 | 0 | 0 |
| Voya Retirement Insurance & Annuity Co | insurer | CT | $29B | Dec 31, 2025 | n/a | n/a | 0 | 0 | 0 |
| At&t Pension Benefit Plan | corporate | TX | $28B | Dec 31, 2024 | n/a | 84.4% | 0 | 0 | 0 |
| Central Pension Fund of the Iuoe & Participating Employers | Taft-Hartley | DC | $27B | Jan 31, 2025 | n/a | 109.6% | 26 | 6 | 1 |
| Vanguard Charitable Endowment Program | other | PA | $27B | Jun 30, 2025 | n/a | n/a | 0 | 0 | 0 |
| Kansas Public Employee Retirement System (KPERS) | state | KS | $27Bderived | Jun 30, 2024 | n/a | n/a | 0 | 0 | 0 |
| Teachers Retirement System of Lousiana | state | LA | $27Bderived | Jun 30, 2024 | n/a | n/a | 0 | 0 | 3 |
| Fedex Corporation Employees' Pension Plan | corporate | TN | $27B | May 31, 2025 | n/a | 86.7% | 0 | 0 | 1 |
| Teachers' Retirement System (TRS) | state | KY | $26B | Jun 30, 2024 | 14.0% | n/a | 0 | 0 | 0 |