by Andres Ramos, Content Marketing Specialist – eVestment Private Markets
Each month, eVestment Private Markets crunches the numbers on public pensions’ reported commitments to private funds, digs into notable activity, and produces the Private Markets Monthly Monitor. With comprehensive data through year-end now available, we have published a special edition of the Monitor to review all reported commitment activity through 2019.
Check out some of the highlights from Private Equity and Private Debt commitments for the year below.
In 2019, a reported $63.2 billion was committed to Private Equity funds by 114 public plans. The top three public pension investors by total dollars committed were CalSTRS ($4.87 billion), CalPERS ($4.71 billion), and Washington State Investment Board (WSIB) ($4.55 billion).
CalSTRS’ two largest commitments in the year both went to Blackstone via a $750 million allocation to Blackstone Capital Partners VIII and a $650 million allocation to Blackstone Strategic Partners VIII. WSIB matched CalSTRS with a $750 million allocation of their own to Blackstone Capital Partners VIII.
In 2019, a reported $23.8 billion was committed to Private Debt by 76 public plans. The top three public pension investors by total dollars committed were Arizona State Retirements System (ASRS) ($5.61 billion), Texas County ($1.92 billion), and NY State Common Retirement Fund ($1.05 billion).
According to ASRS’ Credit Asset Class Implementation Plan FY 2020, the pension plan committed $1.65 billion to HPS, $1.2 billion to Cerberus, and $1.1 billion to Monroe Capital through various fund-of-one vehicles and separate accounts.
Texas County reported 15 commitments in 2019 with notable allocations including $300 million each to One William Street and 400 Capital.
Read the Private Markets Monthly Monitor for access to the full list of 2019 Top 10 Private Debt public pension investors.