Arizona State Retirement System

About Arizona State Retirement System

Arizona State Retirement System's investment portfolio is valued at $53.47 billion as of December 31, 2023, with investments in domestic and international equity, fixed income, natural resources, real assets, infrastructure, hedge funds, private equity, real estate, and cash. Its 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%, compared to the benchmark return of 5.17 %, 12.68%, 5.93%, 8.43%, and 6.34%, respectively. As of December 31, 2023, the private equity portfolio was valued at $6.86 billion, representing 12.8% of the total portfolio. This is an increase as compared to September 30, 2023, when the private equity portfolio was valued at $6.80 billion. As of December 31, 2023, the fund's private equity return for the quarter, 1 year, 3 years, 5 years, and 10 years were 1.39%, 8.12%,19.87%, 14.15%, and 13.64% compared to the benchmark return of -3.34%, 20.51%, 7.17%, 6.40%, and 8.03%, respectively. Investment in private equity includes mezzanine, buyouts, diversified private equity, private equity growth expansion, co-investment, secondaries, and venture capital. The fund is not open to first-time fund investments. The fund's investments are managed by the board of trustees, with Mr. Rene Gullen serving as Chairman of the Board of Trustees. NEPC serves as the LP Consultant.