Overview
Private Equity
In August 2023, 19 public pension plans reported a total of $3.64 billion in commitments to private equity funds, with an average commitment size of $61.9 million. A total of 58 commitments were reported in the month.
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Virginia Retirement System, $1.1 billion across 4 reported commitments
- GTCR – $300 million
- TA Associates – $300 million
- CVC Capital Partners – €200 million
Los Angeles Water & Power, $475 million across 5 reported commitments
- Adams Street Partners – $150 million
- Genstar Capital – $100 million
- Industry Ventures – $75 million
Orange County ERS, $253.5 million across 6 reported commitments
- EnCap Investments – $75 million
- TCG Crossover – $50 million
- American Industrial Partners – $50 million
LACERS, $205 million across 9 reported commitments
- Genstar Capital – $60 million
- KPS Capital – $60 million
- ULU Ventures – $20 million
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- TA Associates – 2 reported commitments, $400 million
- GTCR – 1 reported commitment, $300 million
- CVC Capital Partners – 2 reported commitments, $250 million
- Adams Street Partners – 3 reported commitments, $195 million
- Altaris Capital Partners – 3 reported commitments, $165 million
- Genstar Capital – 2 reported commitments, $160 million
Overview
Private Debt
In August 2023, 23 public pension plans reported a total of $2.42 billion in commitments to private debt funds, with an average commitment size of $89.7 million. A total of 32 commitments were reported in the month.
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Virginia Retirement System, $585 million
- Oak Hill Advisors – $585 million
Illinois Muni, $429 million across 6 reported commitments
- Jefferies Asset Management – $125 million
- Strategic Value Partners – $75 million
- MC Credit Partners – $75 million
Massachusetts PRIM, $375 million
- Blue Owl Capital – $200 million
- Oaktree Capital Management $175 million
New Mexico Educational Retirement Board, $225 million
- Sixth Street – $150 million
- Banner Ridge Partners – $75 million
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- Oak Hill Advisors – 1 reported commitment, $585 million
- Oaktree Capital Management – 2 reported commitments, $200 million
- Ares Management – 4 reported commitment, $130 million
- Alchemy Partners – 2 reported commitments $89 million
Overview
Real Estate
In August 2023, 13 public pension plans reported a total of $1.67 million in commitments to real estate funds, with an average commitment size of $92.6 million. A total of 21 commitments were reported in the month.
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Pennsylvania Public Schools, $500 million
- Brookfield Asset Management – $300 million
- TCI Fund Management Limited – $200 million
Minnesota State Board, $350 million
- Brookfield Asset Management – $200 million
- Blackstone – $150 million
New Mexico Educational Retirement Board, $250 million
- Hamilton Lane – $100 million
- Kildare Partners – $100 million
- Ram Realty Services – $50 million
Oklahoma Municipal Retirement Board, $72 million
- JP Morgan IM – $42 million
- Clarion Partners – $30 million
Overview
Real Assets
In August 2023, 9 public pension plans reported a total of $808 million in commitments to real assets funds, with an average commitment size of $73.5 million. A total of 11 commitments were reported in the month.
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Virginia Retirement System, $325 million
- Global Infrastructure Partners – $200 million
- LS Power Equity Advisors– $125 million
New Mexico SIC, $150 million
- NewMarket Capital – $150 million
New Mexico Educational Retirement Board, $80 million
- Five Point Energy – $80 million
Illinois Muni, $75 million
- Crayhill Capital Management – $75 million
Baltimore City Fire & Police, $40 million
- Grain Management – $25 million
- Crayhill Capital Management – $15 million
What Does the Future Hold for Private Markets?
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