Arizona State Retirement System is a public pension fund with a portfolio of $53.47 billion as of December 31, 2023. It invests in domestic and international equity, fixed income, natural resources, real assets, infrastructure, hedge funds, private equity, real estate, and cash. Returns for the quarter, 1 year, 3 years, 5 years, and 10 years were 5.33 %, 11.02%, 7.84%, 9.50%, and 7.74%, against benchmark returns of 5.17 %, 12.68%, 5.93%, 8.43%, and 6.34%, respectively. On December 31, 2023, private equity was worth $6.86 billion, or 12.8% of the total portfolio, up from $6.80 billion at September 30, 2023. Private equity returns for the quarter, 1 year, 3 years, 5 years, and 10 years were 1.39%, 8.12%,19.87%, 14.15%, and 13.64%, against benchmark returns of -3.34%, 20.51%, 7.17%, 6.40%, and 8.03%, respectively. Private equity strategies are mezzanine, buyouts, diversified private equity, private equity growth expansion, co-investment, secondaries, and venture capital. The fund does not accept first-time fund investments. The board of trustees manages the fund's investments, with Mr. Rene Gullen as Chairman of the Board of Trustees. NEPC is the LP Consultant.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| Morgan Stanley Investment Management | Fund of Funds | New York | Debt & credit · Core · Co-investment | $1.6T | 1 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
Filter the full list by property type, strategy, market and deal format.
