Houston (TX) Firefighters — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Houston (TX) Firefighters (Texas) reported $5.8bn of assets for fiscal year 2025, a one-year investment return of 11.9%, and was 93.3% funded — around the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $5.8bn |
| 1-year return | 11.9% |
| 5-year return (annualised) | 11.3% |
| 10-year return (annualised) | 8.3% |
| Funded ratio (GASB) | 93.3% |
How the money is invested (asset allocation)
Houston (TX) Firefighters held 48.0% of its assets in private equity and 25.0% in public equities for fiscal year 2025 — the largest of 6 sleeves it reports, with the rest below:
| Private equity | 48.0% |
| Public equities | 25.0% |
| Fixed income (bonds) | 13.0% |
| Real estate | 9.0% |
| Cash | 3.0% |
| Hedge funds | 2.0% |
Compare Houston (TX) Firefighters with similar plans
The plans most worth reading Houston (TX) Firefighters against — similar in size, or invested in the same managers — side by side, each with its own page for the detail:
| Plan | Assets | 1-yr return | Funded ratio | Why comparable |
|---|---|---|---|---|
| Texas Teachers (TRS of Texas) | $226.3bn | 10.8% | 77.5% | Same state — Texas |
| Texas County & District | $56.5bn | 12.6% | 90.7% | Same state — Texas |
| Texas Municipal | $49.4bn | 13.8% | 90.4% | Same state — Texas |
| Texas ERS | $40.1bn | 8.9% | 74.4% | Same state — Texas |
| Houston (TX) Police | $8.3bn | 9.4% | 94.2% | Same state — Texas |
| Houston (TX) Municipal | $4.7bn | 11.8% | 76.9% | Same state — Texas |
Questions this page answers
How much does Houston (TX) Firefighters have in assets?
Houston (TX) Firefighters reported $5.8bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did Houston (TX) Firefighters make on its investments?
Houston (TX) Firefighters reported a 11.9% one-year investment return for fiscal year 2025, and 8.3% a year over the past ten years, per the Public Plans Database.
Is Houston (TX) Firefighters fully funded?
Houston (TX) Firefighters was 93.3% funded for fiscal year 2025 — above the ~80% mark many treat as reasonably sound. US public plans face no federal funding minimum, and actuaries add that the trend matters more than any single line (Public Plans Database).
How is Houston (TX) Firefighters's money invested?
Houston (TX) Firefighters held 48.0% of its assets in private equity and 25.0% in public equities, its largest sleeves for fiscal year 2025 (Public Plans Database).
See also: all tracked plans · how the private-equity funds these plans invest in have actually performed, from the plans' own disclosures: private market performance, and where plans' numbers diverge on the same fund.