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State retirement system in Arizona

State retirement systempolice fire· Arizona

State retirement system, based in Arizona, reporting $17B in assets, for 38,570 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$17B
Private allocation
27.0%
Open searchesAllocation policyConsultants
More
People
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 25 Mar 2026, Changed its allocation policy 6 months ago.

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
State retirement system in Arizona
Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$17B
Total assets, Jun 30, 2024 reported
Funded
not on record
not filed
Private markets target
27.0%
policy Jun 30, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Jun 30, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
CashCash2.0%reported psprs.com
Global Private EquityPrivate equity27.0%22% to 30%23.6%-3.4reported psprs.com
International Public EquityPublic equity16.0%12% to 20%16.4%+0.4reported psprs.com
U.S. Public EquityPublic equity24.0%19% to 29%23.4%-0.6reported psprs.com
Actual allocation lines without a target (as filed)
  • Cash and Cash Equivalents 3.3%
  • Core Bonds 8.9%
  • Other Assets (Contractual Income) 1.4%
  • Diversifying Strategies 6.2%
  • Private Credit 16.9%
Consultants and advisers
3 firms
People
2 roles
Chief investment officer
Mark Steed
Chief Investment Officer (Jun 30, 2025) psprs.com
Mark Steed Chief Investment Officer
  • Bret Parke Interim Administrator General CounselExecutive director / CEO
Manager roster
No manager relationship is on the tape for this allocator.
What changed
4 events
  • Mar 25, 2026Policy updated
    PSPRS Board of Trustees (invests directly, also administers CORP/EORP) adopts a policy change: Cancer Insurance Plan asset allocation
    psprs.com
  • Mar 25, 2026Policy updated
    PSPRS Board of Trustees (invests directly, also administers CORP/EORP) adopts a policy change: total fund asset allocation
    psprs.com
  • Jun 30, 2024Assets changed
    $2.2Bwww2.census.gov
  • Jun 30, 2023Assets changed
    $1.2Bwww2.census.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
46 readings
Total assets
$17B Jun 30, 2024 reported Census ASPP
$14B (2023-06) · $13B (2022-06)
Fiduciary net position
$17B Jun 30, 2024 reported Census ASPP
Long-term investments
$15B Jun 30, 2024 reported Census ASPP
$13B (2023-06) · $11B (2022-06)
Discount rate
7.00% Jun 30, 2024 reported Census ASPP
7.00% (2023-06) · 7.00% (2022-06)
Participants
38,570 Jun 30, 2024 reported Census ASPP
37,469 (2023-06) · 38,521 (2022-06)
Active members
18,748 Jun 30, 2024 reported Census ASPP
18,425 (2023-06) · 18,185 (2022-06)
Beneficiaries
16,533 Jun 30, 2024 reported Census ASPP
15,963 (2023-06) · 17,443 (2022-06)
Benefits paid
$1.1B Jun 30, 2024 reported Census ASPP
$916M (2023-06) · $1.0B (2022-06)
Investment expense
$30.2M Jun 30, 2023 reported Census ASPP
$23.1M (2022-06)
Provenance
Identifiers: none on file
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 23, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio, fund commitments.

Record history

4 dated events on the change ledger, latest first
  • Policy updated
    2026-03-25source
  • Policy updated
    2026-03-25source
  • Total assets changed
    2023-06-30source

+1 more change on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

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