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Strengthening retirements

Year after year, private equity delivers the strongest returns for investors across America — helping diversify pensions and strengthen retirements.

Why Public Pensions Choose Private Equity.

34 M
American public servants depend on private equity to support their retirements
13.5 %
Median annualized return over a 10-year period for public pension funds (2024)
89 %
Public pension funds that invest in private equity

Private Equity Outperforms All Other Investment Options

Even after fees, private equity generated an average annualized return of 13.5 percent in 2024. A recent study published by Cambridge Associates found that over the last decade, “institutions with higher private investment allocations experienced higher returns historically. And, those returns tended to be less volatile.”

Pension Return by Asset Class

Based on 10 year median annualized returns

1.9%
Fixed Income
7.4%
Real Estate
9.7%
Public Equity
13.5%
Private Equity
7.2%
Total Fund Return
14%
12%
10%
8%
6%
4%
2%
0%

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