This allocator's name, 1 more adviser and 11 more dated events

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State retirement system in Texas

State retirement systemstate general· Texas

State retirement system, based in Texas, reporting $38B in assets, for 437,739 participants.

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

Assets
$38B
Private allocation
46.0%
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: 19 May 2026, 2 open manager searches: U.S. small cap equity search; Third-party administrative services and advisory services for the Texa$averSM 401(k)/457 Program search.

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
State retirement system in Texas
Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$38B
Total assets, Jun 30, 2024 reported
Funded
not on record
not filed
Private markets target
46.0%
policy Aug 31, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Aug 31, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Cash & EquivalentsCash2.0%reported ers.texas.gov
RatesFixed income12.0%reported ers.texas.gov
Hedge FundsHedge / diversifiers6.0%reported ers.texas.gov
Private InfrastructureInfrastructure6.0%reported ers.texas.gov
Private CreditPrivate credit3.0%reported ers.texas.gov
Public CreditPrivate credit9.0%reported ers.texas.gov
Special SituationsPrivate credit0.0%reported ers.texas.gov
Private EquityPrivate equity16.0%reported ers.texas.gov
Public EquityPublic equity35.0%reported ers.texas.gov
Private Real EstateReal estate9.0%4% to 14%reported ers.texas.gov
Public Real EstateReal estate3.0%reported ers.texas.gov
Consultants and advisers
4 firms

+1 more consultant or adviser advise this allocator

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

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People
2 roles
Manager roster
No manager relationship is on the tape for this allocator.
What changed
16 events

+11 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
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
$38B Jun 30, 2024 reported Census ASPP
$34B (2023-06) · $32B (2022-06)
Fiduciary net position
$37B Jun 30, 2024 reported Census ASPP
$34B (2023-06) · $32B (2022-06)
Long-term investments
$35B Jun 30, 2024 reported Census ASPP
$33B (2023-06) · $31B (2022-06)
Total pension liability
$12B Jun 30, 2024 reported Census ASPP
$14B (2023-06) · $14B (2022-06)
Discount rate
7.00% Jun 30, 2024 reported Census ASPP
7.00% (2023-06) · 7.00% (2022-06)
Participants
437,739 Jun 30, 2024 reported Census ASPP
428,574 (2023-06) · 411,619 (2022-06)
Active members
144,049 Jun 30, 2024 reported Census ASPP
139,958 (2023-06) · 133,751 (2022-06)
Beneficiaries
125,832 Jun 30, 2024 reported Census ASPP
124,504 (2023-06) · 122,720 (2022-06)
Benefits paid
$2.9B Jun 30, 2024 reported Census ASPP
$2.9B (2023-06) · $2.8B (2022-06)
Investment expense
$51.4M Jun 30, 2024 reported Census ASPP
$36.5M (2023-06) · $42.7M (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

17 dated events on the change ledger, latest first

+14 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

+4 connections on the graph

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