ARIZONA
Arizona Public Safety Personnel Retirement System (PSPRS): PSPRS private equity performance honored
“Investments in private equity, which consists of the buying, improving and selling of private assets, such as businesses, by PSPRS generated an 11.36 percent return over the 10-year period between fiscal years 2008 and 2018.”
CALIFORNIA
Chief Investment Officer: SFERS posts 7.81 percent return
“The report details that the $25.7 billion system’s strong private equity returns of 17.4 percent helped propel overall returns, despite mixed public equity returns. At 21 percent, the San Francisco system has one of the largest allocations to private equity among public pension plans in the US, so the high returns were able to play an outsized role in helping the retirement system with its overall returns.”
Pensions & Investments: CalSTRS tops fiscal-year benchmark with 6.8% return
“Private equity, at 10.5 percent, had the highest fiscal year return, besting its 9.6 percent benchmark.”
Pensions & Investments: Santa Barbara County sees 7.74 percent return for Fiscal year
“By asset class, private equity led the way with a net return of 13.64 percent for the fiscal year ended June 30, according to a flash report posted on the pension fund’s website.”
MARYLAND
Chief Investment Officer: Maryland plan misses target, lowers assumptions
“The standout performer was again private equity, returning 13.7 percent over the period. It was also the only space to reap double digits, although rate-sensitive assets came close at 9.3 percent. ‘The System’s returns reflect strong performance of private equity assets and nominal fixed income assets along with positive but more modest returns in the remainder of the asset classes,’ said Andrew C. Palmer, the fund’s chief investment officer.”
MASSACHUSETTS
Chief Investment Officer: Mass PRIM misses fiscal benchmark by a hair
“The fund is known for its private equity investments, and the asset class didn’t disappoint, boasting the strongest returns for the year at a seismic 18.51 percent.”
NEVADA
Pensions & Investments: Nevada PERS outperforms benchmark with 8.5% yearly return
“By asset class, private equity led the way with a net return of 18.4 percent.”
OHIO
Pensions & Investments: Ohio School Employees tops benchmark with 6.62 percent return for fiscal year
“Among asset classes whose returns were available, private equity had the highest preliminary return, at a net 15.17 percent for the most recent fiscal year.”
OKLAHOMA
Pensions & Investments: Oklahoma Teachers posts 4.76 percent return, falling well short of benchmark
“On the plus side, the fund benefited from strong performance in both private equity and non-core real estate, which earned 19.56% and 20.17%, respectively, for the year ended June 30.”
Public pension funds committed almost $5 billion to private equity in June alone. This represents a 19 percent increase from May and is higher than any other private markets asset class.
