According to new data published this week by Nasdaq Private Fund Solutions, allocations to private funds from public pension plan allocators grew by 18 per cent YoY to a total of USD190.8 billion.
According to new data published this week by Nasdaq Private Fund Solutions, allocations to private funds from public pension plan allocators grew by 18 per cent YoY to a total of USD190.8 billion.
This figure represents over 2,300 commitments across private equity, private debt, real estate and real assets.
While virtual fundraising remained the status quo in the year for capital raising GPs, more LP investors returned to the market to put capital to work. Most interestingly, the pensions tracked in the report clearly moved past 2020 and early 2021 predictions of real estate’s pandemic-induced demise. New money flowed into real estate (up 59 per cent year-over-year) and real assets (up 66 per cent year-over-year) after dropping precipitously as the Covid pandemic gripped the world.
Across the private markets 228 unique public pension plans reported commitments to private funds in the year, a 17 per cent increase from 2020. This suggests that public plan investors have grown more comfortable with making commitments without in-person meetings.
