Pension Fund

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Arizona State Retirement System

Arizona State Retirement System (ASRS) is a state agency. It administers a pension plan, long-term disability plan, and retiree health insurance plans for...

Arizona State Retirement System logo

Arizona State Retirement System

Arizona State Retirement System (ASRS) is a state agency. It administers a pension plan, long-term disability plan, and retiree health insurance plans for qualified government workers in Arizona. ASRS serves over half a million public servants, including state employees, university staff, and municipal workers, and was established in 1953.

General information

Firm type

Pension Fund

Year founded

1953

Location

Region

North America

Country

United States

City

Phoenix

Corporate office

3300 N Central Ave, Phoenix, AZ 85012, United States

Additional offices

Tucson, AZ, United States

Principals

Paul Matson

Executive Director

Michael Viteri

Chief Investment Officer

Michael Miller

Chair of the Board of Trustees

Al Alaimo

Deputy Chief Investment Officer

Sector focus

Real EstatePrivate EquityInfrastructurePublic Equities

Frequently asked questions

Who runs investment decisions at Arizona State Retirement System?

Michael Viteri serves as Chief Investment Officer. He is supported by Deputy Chief Investment Officers Al Alaimo and Samer Ghaddar. The Investment Committee of the Board of Trustees reviews asset allocation and manager selections.

Does Arizona State Retirement System participate in fund commitments or only direct deals?

The system commits to funds such as KKR North America Fund XIII and Blackstone Real Estate Partners X. It also executes direct equity investments in real estate platforms including Mill Creek Residential and Westcore Industrial.

What asset classes does Arizona State Retirement System allocate to?

Allocations cover public equities, private equity at 12.78 percent, real estate, infrastructure, and commodities. Holdings include listed technology stocks and direct real estate assets valued above $2 billion.

Where does Arizona State Retirement System maintain offices?

Headquarters sit at 3300 N Central Ave in Phoenix. A regional office operates at 4400 E Broadway Blvd in Tucson. Both locations support investment and administrative functions.

Which organizations does Arizona State Retirement System belong to?

Memberships include the Council of Institutional Investors, National Association of State Retirement Administrators, and Principles for Responsible Investment. These ties support governance standards and peer collaboration.

How does Arizona State Retirement System source private investments?

Commitments flow through external managers such as Ares, Cerberus, and Monroe Capital. Direct platforms include separately managed accounts for industrial real estate and joint ventures in multifamily housing.

What recent board activity has Arizona State Retirement System conducted?

In September 2024 the system sponsored its Annual Employer Conference in Phoenix. Topics covered legislative updates and employer process enhancements.

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