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.
Manager
HongShan Capital
Public LPs on the tape
3
distinct allocators disclosing a fund
Commitment rows
7
0 dated closings
Disclosed commitments
$324M
sum of the LPs' own amounts; repeats across reports
Re-ups / new
0 / 0
the plans' own words
Corporate plans
0
Schedule C investment manager rows
Who backs this manager
3 allocators
| Allocator | Rows | Re-ups | Disclosed $ | Buckets | First | Latest |
|---|---|---|---|---|---|---|
| California Public Employees' Retirement System | 4 | 0 | $282M | Private equity, Venture | Dec 31, 2025 | Dec 31, 2025 |
| Alaska Permanent Fund Corporation | 2 | 0 | $42.0M | Private equity, Venture | Dec 31, 2025 | Dec 31, 2025 |
| Massachusetts Pension Reserves Investment Management Board | 1 | 0 | Private equity | Jun 30, 2025 | Jun 30, 2025 |
Funds on the tape
7 vehicles
- HongShan Capital1 rows
- HongShan Capital Expansion Fund I, L.P.1 rows
- HongShan Capital Growth Fund VII, L.P.1 rows
- HongShan Capital Seed Fund III, L.P.1 rows
- HongShan Capital Venture Fund IX, L.P.1 rows
- HongShan Capital Growth Fund VI LP1 rows
- HongShan Capital Venture Fund VIII LP1 rows
Commitment rows
7 rows
| Date | Allocator | Fund | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2025 | California Public Employees' Retirement System | HongShan Capital Expansion Fund I, L.P. | Private equity | $134M | 2024 | Disclosed holding | calpers.ca.gov |
| as of Dec 31, 2025 | California Public Employees' Retirement System | HongShan Capital Growth Fund VII, L.P. | Private equity | $104M | 2023 | Disclosed holding | calpers.ca.gov |
| as of Dec 31, 2025 | Alaska Permanent Fund Corporation | HongShan Capital Growth Fund VI LP | Private equity | $40.0M | 2020 | Disclosed holding | apfc.org |
| as of Dec 31, 2025 | California Public Employees' Retirement System | HongShan Capital Venture Fund IX, L.P. | Venture | $32.0M | 2022 | Disclosed holding | calpers.ca.gov |
| as of Dec 31, 2025 | California Public Employees' Retirement System | HongShan Capital Seed Fund III, L.P. | Venture | $12.0M | 2022 | Disclosed holding | calpers.ca.gov |
| as of Dec 31, 2025 | Alaska Permanent Fund Corporation | HongShan Capital Venture Fund VIII LP | Venture | $2.0M | 2020 | Disclosed holding | apfc.org |
| as of Jun 30, 2025 | Massachusetts Pension Reserves Investment Management Board | HongShan Capital | Private equity | n/a | Disclosed holding | mapension.com |
What changed
- California Public Employees' Retirement System reports HongShan Capital Venture Fund IX, L.P.: $32M committed (as of 2025-12-31)with HongShan Capitalcalpers.ca.gov
- California Public Employees' Retirement System reports HongShan Capital Expansion Fund I, L.P.: $134M committed (as of 2025-12-31)with HongShan Capitalcalpers.ca.gov
- California Public Employees' Retirement System reports HongShan Capital Seed Fund III, L.P.: $12M committed (as of 2025-12-31)with HongShan Capitalcalpers.ca.gov
- Alaska Permanent Fund Corporation reports HongShan Capital Growth Fund VI LP: $40M committed (as of 2025-12-31)with HongShan Capitalapfc.org
- Alaska Permanent Fund Corporation reports HongShan Capital Venture Fund VIII LP: $2M committed (as of 2025-12-31)with HongShan Capitalapfc.org
- California Public Employees' Retirement System reports HongShan Capital Growth Fund VII, L.P.: $104M committed (as of 2025-12-31)with HongShan Capitalcalpers.ca.gov