This allocator's name, 1 more person, 2 more advisers, 64 more managers, 158 more commitments and 172 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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State retirement system in Pennsylvania

State retirement system· Harrisburg, Pennsylvania

State retirement system, based in Harrisburg, Pennsylvania, reporting $84B in assets, for 535,879 participants.

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

Assets
$84B
Fund commitments
158
Managers
61
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.

P••••••••• P••••• S••••• 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: $100M

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

  • DerivedP••••••••• P••••• S••••• E••••••••• R••••••••• S••••• h•••• O•• H•••• P••••••• V• L••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• O•• H•••• P••••••• 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. 1
    re-up prospects

    1 re-up prospect was flagged in the last twelve months: a manager 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
All 4
State retirement system in Pennsylvania
Managers
All 67
Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$84B
Fiduciary net position, Jun 30, 2025 reported
Funded
not on record
not filed
Private markets target
no policy read
no policy read
Commitments
158
15 dated closings
Consultants and advisers
5 firms

+2 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
4 roles
Chief investment officer
Benjamin L. Cotton
Interim Executive Director & Chief Investment Officer (Jun 30, 2025) pa.gov
Benjamin L. Cotton Interim Executive Director & Chief Investment Officer

+1 more person on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

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Manager roster
67 managers on the commitment tape
From the plan’s own commitment disclosures

+64 more managers received commitments

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

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What changed
177 events
  • Sep 24, 2026re up prospect resolvedreport dateinference
    Re-up prospect for Partners Group Secondary Viii (usd) a, L.P.: condition no longer holds; not judged
    with Partners Group Agno URL
  • Sep 14, 2026Re-up prospectreport dateinference
    with OAK Hcft Management Company LLC$100Mno URL
  • Mar 19, 2026Commitment approved
    $150Mpa.gov
  • Mar 19, 2026Commitment approved
    with Warwick Investment Group, LLC$75.0Mpa.gov
  • Mar 19, 2026Commitment approved
    with LLR Partnerspa.gov

+172 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
161 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Mar 19, 2026LS Power Fund VI, L.P.LS PowerInfrastructure$200MApprovedpa.gov
as of Mar 19, 2026DRA Growth and Income Fund XII, LLCDRA Advisors LLCReal estate$150MApprovedpa.gov
as of Mar 19, 2026Warwick Partner V LPWarwick Investment Group, LLCInfrastructure$75.0MApprovedpa.gov

+158 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
54 readings
Total assets
$76B Jun 30, 2024 derived Census ASPP
$71B (2023-06) · $70B (2022-06)
Fiduciary net position
$84B Jun 30, 2025 reported ACFR
$72B (2023-06) · $71B (2022-06)
Long-term investments
$69B Jun 30, 2024 reported Census ASPP
$65B (2023-06) · $66B (2022-06)
Total pension liability
$44B Jun 30, 2023 derived Census ASPP
$44B (2022-06)
Discount rate
7.00% Jun 30, 2023 reported Census ASPP
7.00% (2022-06)
Participants
535,879 Jun 30, 2024 derived Census ASPP
527,320 (2023-06) · 521,610 (2022-06)
Active members
255,652 Jun 30, 2024 derived Census ASPP
250,820 (2023-06) · 247,873 (2022-06)
Beneficiaries
253,896 Jun 30, 2024 reported Census ASPP
249,724 (2023-06) · 246,901 (2022-06)
Benefits paid
$7.7B Jun 30, 2024 reported Census ASPP
$7.5B (2023-06) · $7.2B (2022-06)
Investment expense
$410M Jun 30, 2024 reported Census ASPP
$405M (2023-06) · $525M (2022-06)
Commitment history
22 decisions the board record started
VehicleManagerAmountStateProposedApprovedClosedFirst reportedOther LPs
DRA Growth and Income Fund XII, LLCDRA Advisors LLC$150Mapproved-Mar 19, 2026---
Warwick Partners V, LPWarwick Investment Group, LLC$75.0Mapproved-Mar 19, 2026--2
LLR PartnersLLR PartnersNot disclosedapproved-Mar 19, 2026---

+19 more board decisions

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Provenance
Identifiers: none on file
Cross-graph: private equity LP tape (cited), venture LP tape (cited)
First observed Sep 15, 2026, last observed Sep 29, 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, private markets allocation target, allocation policy.

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 503 traced paths of capital across the graphs.

Allocator commitments to a managerConsultant to allocator to managerAllocator to VC fund to manager to company

DFX traced 503 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, 179 dated events on the change ledger, latest first
  • Merged in
    2026-09-15
  • Re up prospect resolved
    2026-09-24
  • Re up prospect
    2025-02-07

+177 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

+379 connections on the graph

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