This allocator's name and 4 more advisers

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State retirement system in Arizona

State retirement systemstate general· Arizona

State retirement system, based in Arizona, reporting $53B in assets, for 666,636 participants.

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

Assets
$53B
Private allocation
50.0%
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: 30 Jun 2024, Total assets changed.

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
$53B
Total assets, Jun 30, 2024 derived
Funded
not on record
not filed
Private markets target
50.0%
policy Jun 30, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Jun 30, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Interest Rate SensitiveFixed income6.0%3% to 12%3.0%-3.0reported azasrs.gov
CreditPrivate credit23.0%17% to 26%20.5%-2.5reported azasrs.gov
Private EquityPrivate equity10.0%7% to 13%13.3%+3.3reported azasrs.gov
Public EquityPublic equity44.0%34% to 54%44.2%+0.2reported azasrs.gov
Real EstateReal estate17.0%13% to 21%16.9%-0.1reported azasrs.gov
Actual allocation lines without a target (as filed)
  • Cash and Short-Term Investments 2.1%
Consultants and advisers
7 firms
  • Mercer Investment LLC Private equity consultantthrough Jun 30, 2025 ACFR
  • Nepc, LLC General consultantthrough Jun 30, 2025 ACFR
  • Rclco Real estate consultantthrough Jun 30, 2025 ACFR

+4 more consultants and advisers advise this allocator

Every name, record and relationship behind this count, with the source on each.

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People
1 role
Manager roster
No manager relationship is on the tape for this allocator.
What changed
4 events
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
57 readings
Total assets
$53B Jun 30, 2024 derived Census ASPP
$49B (2023-06) · $47B (2022-06)
Fiduciary net position
$53B Jun 30, 2024 reported Census ASPP
$50B (2023-06) · $47B (2022-06)
Long-term investments
$53B Jun 30, 2024 reported Census ASPP
$49B (2023-06) · $47B (2022-06)
Total pension liability
$16B Jun 30, 2024 derived Census ASPP
$16B (2023-06) · $16B (2022-06)
Discount rate
7.00% Jun 30, 2024 reported Census ASPP
7.00% (2023-06) · 7.00% (2022-06)
Participants
666,636 Jun 30, 2024 derived Census ASPP
652,864 (2023-06) · 637,386 (2022-06)
Active members
224,989 Jun 30, 2024 derived Census ASPP
219,830 (2023-06) · 214,210 (2022-06)
Beneficiaries
180,220 Jun 30, 2024 reported Census ASPP
176,444 (2023-06) · 172,779 (2022-06)
Benefits paid
$3.8B Jun 30, 2024 reported Census ASPP
$3.6B (2023-06) · $3.6B (2022-06)
Investment expense
$259M Jun 30, 2024 reported Census ASPP
$247M (2023-06) · $218M (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
  • Total assets changed
    2023-06-30source
  • Total assets changed
    2024-06-30source
  • 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

every published relationship on the graph

+7 connections on the graph

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