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
Ember Infrastructure
Public LPs on the tape
3
distinct allocators disclosing a fund
Commitment rows
4
0 dated closings
Disclosed commitments
$100M
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 |
|---|---|---|---|---|---|---|
| Gates Family Foundation | 2 | 0 | Infrastructure | Dec 31, 2025 | Dec 31, 2025 | |
| California Public Employees' Retirement System | 1 | 0 | $100M | Infrastructure | Dec 31, 2025 | Dec 31, 2025 |
| Waverley Street Foundation | 1 | 0 | Infrastructure | Dec 31, 2024 | Dec 31, 2024 |
Funds on the tape
3 vehicles
Commitment rows
4 rows
| Date | Allocator | Fund | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2025 | California Public Employees' Retirement System | Ember Infrastructure Fund II-B, LP | Infrastructure | $100M | 2024 | Disclosed holding | calpers.ca.gov |
| as of Dec 31, 2025 | Gates Family Foundation | EMBER INFRASTRUCTURE FUND I-A | Infrastructure | $4.3M held | Disclosed holding | apps.irs.gov | |
| as of Dec 31, 2025 | Gates Family Foundation | EMBER INFRASTRUCTURE FUND II-A | Infrastructure | $608,390 held | Disclosed holding | apps.irs.gov | |
| as of Dec 31, 2024 | Waverley Street Foundation | EMBER INFRASTRUCTURE FUND I-A | Infrastructure | $47.9M held | Disclosed holding | apps.irs.gov |
What changed
- California Public Employees' Retirement System reports Ember Infrastructure Fund II-B, LP: $100M committed (as of 2025-12-31)with Ember Infrastructurecalpers.ca.gov