This allocator's name, 3 more advisers, 42 more managers, 77 more commitments and 78 more dated events

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Local retirement system in California

Local retirement system· San Diego, California

Local retirement system, based in San Diego, California, reporting $11B in assets, for 27,326 participants.

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

Assets
$11B
Private allocation
30.0%
Fund commitments
80
Managers
45
As of · the latest dated event for this allocator; each figure carries its own filing or report date

What may matter next

A pattern DFX replayed against history, using only what was known on each date, points at this record. The rate belongs to the pattern, not to this entity; what already happened is below.

S•• D•••• C••• E••••••••• R••••••••• S•••••Emerging

Early indicator, not yet measured: commits to the successor fund.

Why it matters: This allocator committed to the prior fund of a series that now has a successor fund. Existing LPs are the first calls in any raise, so this is the re-up list for the GP, and for a competing GP it shows whose capital may be in play.

Who acts on this: GPs raising a successor fund, placement agents, and competing GPs in the same strategy.

No rate is claimed. Not a forecast.

Window 2026-09-25 to 2027-09-25, as of 2026-09-25

Estimate past commitments to this series: $5.0M to $10.0M

Confidence: signal moderate, timing low, outcome moderate, identity high, magnitude moderate.

  • DerivedS•• D•••• C••• E••••••••• R••••••••• S••••• h•••• C•••• V••••••• I•• L••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• C•••• V••••••• V• L•• i• o••• •••••••••
  • DerivedN• c••••••••• t• t•• n•• f••• a•••••• o• t•• p••••• f•••••• y•••

Decision maker identified; on file: LinkedIn.

How the pattern measured, and every other entity on it: re-up prospects.

What matters now

  1. 2
    re-up prospects

    2 re-up prospects were flagged in the last twelve months: managers it backed raising a successor fund.

    Managers it already backs are raising again; a re-up decision is coming.

    Inferencea successor fund observed for a manager the plan backsRe-up prospects →

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
Local retirement system in California
Managers
All 45
Size, funding, policy and commitments, with their basesLocal retirement systemShow
Local retirement system
Assets
$11B
Fiduciary net position, Jun 30, 2025 reported
Funded
not on record
not filed
Private markets target
30.0%
policy Jun 30, 2025
Commitments
80
45 managers on Schedule C
Allocation policy
ACFR, as of Jun 30, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Domestic Fixed Income StrategiesFixed income22.0%23.1%+1.1reported content.sdcers.org
Return-Seeking Fixed Income StrategiesFixed income5.0%5.3%+0.3reported content.sdcers.org
Diversifying StrategiesHedge / diversifiers4.0%3.3%-0.7reported content.sdcers.org
Infrastructure StrategiesInfrastructure4.0%2.9%-1.1reported content.sdcers.org
Opportunity Fund StrategiesOther3.0%0.1%-2.9reported content.sdcers.org
Private Debt StrategiesPrivate credit5.0%2.1%-2.9reported content.sdcers.org
Private Equity StrategiesPrivate equity10.0%9.3%-0.7reported content.sdcers.org
Domestic Equity StrategiesPublic equity18.0%21.9%+3.9reported content.sdcers.org
Global Equity StrategiesPublic equity6.0%6.4%+0.4reported content.sdcers.org
International Equity StrategiesPublic equity12.0%14.4%+2.4reported content.sdcers.org
Real Estate StrategiesReal estate11.0%9.7%-1.3reported content.sdcers.org
Consultants and advisers
6 firms

+3 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
45 managers on the commitment tape
From the plan’s own commitment disclosures

+42 more managers received commitments

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

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What changed
83 events
  • Sep 23, 2026Re-up prospectreport dateinference
    with Craft Ventures Management LP$5.0Mno URL
  • Sep 23, 2026re up prospect resolvedreport dateinference
    Re-up prospect for Amplify Partners VI, L.P.: condition no longer holds; not judged
    with Amplify Partnersno URL
  • Sep 22, 2026Re-up prospectreport dateinference
    with Amplify Partners$9.0Mno URL
  • Mar 31, 2026Commitment disclosedreport date
    with Stepstone Group LP$35.0Mcontent.sdcers.gov
  • Mar 31, 2026Commitment disclosedreport date
    with ONE Rock Capital$20.0Mcontent.sdcers.gov

+78 more dated events

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

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Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
80 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Mar 31, 2026StepStone Tactical Growth Fund III, L.P.Stepstone Group LPVenture$45.0M2020Disclosed holdingcontent.sdcers.gov
as of Mar 31, 2026StepStone Capital Partners III, L.P.Stepstone Group LPPrivate equity$45.0M2014Disclosed holdingcontent.sdcers.gov
as of Mar 31, 2026StepStone Tactical Growth Fund II, L.P.Stepstone Group LPVenture$40.0M2017Disclosed holdingcontent.sdcers.gov

+77 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

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Size and funding
58 readings
Total assets
$12B Jun 30, 2024 reported Census ASPP
$11B (2023-06) · $10B (2022-06)
Fiduciary net position
$11B Jun 30, 2025 reported ACFR
$11B (2024-06) · $11B (2023-06) · $10.0B (2022-06)
Long-term investments
$11B Jun 30, 2024 reported Census ASPP
$11B (2023-06) · $9.8B (2022-06)
Total pension liability
$3.3B Jun 30, 2024 derived Census ASPP
$2.9B (2023-06) · $2.7B (2022-06)
Discount rate
6.50% Jun 30, 2024 reported Census ASPP
6.50% (2023-06) · 6.50% (2022-06)
Participants
27,326 Jun 30, 2024 derived Census ASPP
26,010 (2023-06) · 21,533 (2022-06)
Active members
11,208 Jun 30, 2024 derived Census ASPP
10,377 (2023-06) · 6,259 (2022-06)
Beneficiaries
12,146 Jun 30, 2024 reported Census ASPP
12,039 (2023-06) · 11,881 (2022-06)
Benefits paid
$669M Jun 30, 2024 reported Census ASPP
$661M (2023-06) · $635M (2022-06)
Investment expense
$44.0M Jun 30, 2024 reported Census ASPP
$44.4M (2023-06) · $73.6M (2022-06)
Provenance
Identifiers: none on file
Cross-graph: private equity LP tape (cited), venture LP tape (cited)
First observed Sep 15, 2026, last observed Sep 24, 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.

Across the graphs

This record is the same institution as 1 record in Venture Capital.

Venture Capital1

The joined record opens with the product, beside every other relationship on this page.

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Capital chain

This record sits on 253 traced paths of capital across the graphs.

Consultant to allocator to managerAllocator to PE fund to manager to companyAllocator to VC fund to manager to company

DFX traced 253 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

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Record history

1 identity change, 83 dated events on the change ledger, latest first
  • Merged in
    2026-09-15
  • Re up prospect
    2026-09-23
  • Re up prospect resolved
    2026-09-23

+81 more changes 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

+108 connections on the graph

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