---
title: Arizona Retirement Targeting $1.85B to Private Equity, Private Credit
description: Arizona Retirement Targeting $1.85B to Private Equity, Private Credit
---

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# [Arizona Retirement Targeting $1.85B to Private Equity, Private Credit](https://dakotafunds.com/dakota-funds/fundraising-news/arizona-retirement-targeting-1.85b-to-private-equity-private-credit)

 Written by [Jane Bailey, Marketing Associate](https://dakotafunds.com/dakota-funds/author/jane-bailey-marketing-associate) | March 20, 2024

The Arizona State Retirement System is looking to place $1.85 billion across private equity and private credit in 2024, according to an implementation plan that was presented at a recent meeting.

ASRS will be targeting $900 million to private equity. The pension fund has been working on lowering the number of strategic partners from 93 to 45-50 managers over time. As of September 30, 2023, the Private Equity asset class weighting relative to the Total Fund is 13.4%. 

In private credit, $950 in new commitments is expected in 2024. The share of the asset class in the total fund increased from 16.6% in the fiscal year 2018 to 22.8% in the fiscal year 2023, slightly below the Strategic Asset Allocation (SAA) goal of 23.0%.

As of September 30, 2023 the pension fund was valued at approximately $50.6 billion.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)! *

[View full post](https://dakotafunds.com/dakota-funds/fundraising-news/arizona-retirement-targeting-1.85b-to-private-equity-private-credit)

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