The records show different kinds of connections: scheduled stops, participant confirmation, seller reports and formal board actions.

Connection Evidence status Source
Eight-stop April 14–15 itinerary Scheduled Itinerary, p. 2
Hudson–Babbitt encounter with seller representatives Participant-confirmed April 16 DFA message
Fecher and Treasury-team encounters Seller-reported Seller correspondence, p. 589
Brady’s APERS proxy role and authorization motion Signed institutional record Minutes, pp. 1 and 4
ATRS authorization Executed resolution Resolution 2025-22
DFA introduction to ASHERS and seller reply Documented correspondence Introduction and pitch

A line between two institutions does not itself prove influence, control, agreement or a completed investment. Each connection should carry its evidence status.

People and roles · Auditor-office finding · National network finding · Agency outcomes.

Source recordsAPERS Investment Finance Subcommittee signed minutesSigned minutes, physical pages 1 and 4; proxy role on page 1 and motion on page 4DFA introduction and seller pitch to ASHERSFOIA Response 3-27-26 / RE_ Virtual Introductions.eml, Andy Babbitt message at 9:25 a.m. CDT and seller reply dated April 17, 2025 at 1:02 p.m., with attached eight-page presentationExecuted ATRS Resolution 2025-22Emails5, physical pages 5–6; signature on physical page 6April 2025 Capitol itineraryFOIA Response 6-18-25 / State Auditors Emails / Spadoni / April 11, 2025 - 4.pdf, physical page 2Hudson-Babbitt meeting confirmationFOIA Response 3-27-26 / RE_ Virtual Introductions.eml, Andy Babbitt message at 9:25 a.m. CDTSeller-authored report of Fecher and Treasury-team encountersFOIA Response 7-7-25 / IB_FOIA_MAY_25_Reviewed.pdf, physical page 589