AZ HB2612

Requires alternative investment managers receiving capital from Arizona public retirement system boards to file annual disclosures with the state treasurer regarding fees, expenses, carried interest, and portfolio holding fees for each alternative investment vehicle.

Mandates disclosure of management fees, partnership expenses, carried interest, aggregate portfolio holding fees, management fee waivers, indemnification amounts, gross and net rates of return, and named executive officer compensation for alternative investment managers.

Applies to all contracts entered into after December 31, 2020, and to existing contracts receiving new capital commitments, amendments, renewals, or extensions after that date.

Requires alternative investment managers to provide new agreements (including fee waiver, indemnification, and clawback provisions) to the state treasurer within 90 days of execution.

Directs the state treasurer to report annually to the joint legislative budget committee by June 30 and maintain public disclosure information on the state treasurer's website.