Arizona State Retirement System Investment Committee Public Meeting Minutes
The Investment Committee reviewed investment market performance for the period ending December 31, 2025, including updates on public equity, interest rate sensitive assets, private equity, real estate, and credit asset classes. Discussions addressed portfolio construction strategies, performance benchmarks, and investment compliance programs. The committee also received a presentation on the securities lending program, reviewed the evolution of private market benchmarks, and approved a draft revision of the Investment Compensation Program Plan.