Sample report · institutional allocators

50 Best Allocators for This Fund

A real edition, 35 pages, generated from the live graph on September 29, 2026 for the brief below.

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The brief

We are raising a $500M lower middle market private credit fund II. Find the public pensions and consultants that have committed to comparable managers in the last three years and who advises each one.

public plans ranked

148

private credit decisions since 2023

backed a Fund II or a new manager

with a named consultant

The top five, as printed

Ranked on what each board approved, never on a policy target

#	Allocator	Fit	Decisions	Managers	Newest	Consultant
1	Texas Municipal Retirement System	90.2	34	8	2025-12-30	Albourne America
2	Los Angeles City Employees' Retirement System	89.3	13	17	2026-09-08	Aksia
3	South Carolina Retirement System (SCRS)	83.8	13	10	2026-05-15	Albourne America
4	Washington State Investment Board	79.3	11	7	2026-04-16	Segal
5	Connecticut Retirement Plans and Trust Funds	77.9	9	5	2026-09-09	none on record

What was refused

Two plans screened out, and 1,021 private pools set aside, with reasons

Public plans whose private credit holdings name no manager and that made no decision in the window
Corporate and union plans on Form 5500: outside a public pension brief (11 hold a manager the public plans backed)
Foundations and endowments on Form 990: outside a public pension brief (69 hold a manager the public plans backed)
Adviser records naming a law firm, an auditor or a proxy adviser are not printed as the plan's consultant

What DFX cannot see, stated

The limitations are printed, not buried

Lower middle market and fund size are not on the commitment tape; every private credit manager counts as comparable
Only plans that publish minutes or private markets reports are visible; 13 of the 36 are ranked on holdings alone, below every plan with a decision
A commitment amount is the plan's commitment, never a fund size, and is never summed into new money
Consultant engagements carry their own dates; a plan may have changed consultant since its last disclosure

Payment up front. If the report is not useful for your stage, sector or market when delivered, DFX refunds it in full. Order the same report for your brief: 50 Best Allocators for This Fund, $495.

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50 Best Allocators for This Fund

Ranked on what each board approved, never on a policy target

#	Allocator	Fit	Decisions	Managers	Newest	Consultant
1	Texas Municipal Retirement System	90.2	34	8	2025-12-30	Albourne America
2	Los Angeles City Employees' Retirement System	89.3	13	17	2026-09-08	Aksia
3	South Carolina Retirement System (SCRS)	83.8	13	10	2026-05-15	Albourne America
4	Washington State Investment Board	79.3	11	7	2026-04-16	Segal
5	Connecticut Retirement Plans and Trust Funds	77.9	9	5	2026-09-09	none on record

Two plans screened out, and 1,021 private pools set aside, with reasons

Public plans whose private credit holdings name no manager and that made no decision in the window

Corporate and union plans on Form 5500: outside a public pension brief (11 hold a manager the public plans backed)

Foundations and endowments on Form 990: outside a public pension brief (69 hold a manager the public plans backed)

Adviser records naming a law firm, an auditor or a proxy adviser are not printed as the plan's consultant

The limitations are printed, not buried

Lower middle market and fund size are not on the commitment tape; every private credit manager counts as comparable

Only plans that publish minutes or private markets reports are visible; 13 of the 36 are ranked on holdings alone, below every plan with a decision

A commitment amount is the plan's commitment, never a fund size, and is never summed into new money

Consultant engagements carry their own dates; a plan may have changed consultant since its last disclosure