Private Markets Monitor: August 2023
by Andrés Ramos, Content Marketing Specialist – Nasdaq Private Fund Solutions
Overview
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.
Most Active Pension Plan Investors by reported commitments – August 2023
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
Top Fund Managers by number of reported commitments – August 2023
- 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
What does the future hold for private equity funds?
In addition to tracking past commitments and providing unique LP insights, the Nasdaq eVestment platform tracks investors’ asset allocation weightings and details on project and confirmed funds coming to market. Click the button below to request a fundraising intelligence pack.
The intel pack features a list of 5 under-allocated LPs and insights on GP competitors coming to market.
Overview
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.
Most Active Pension Plan Investors by reported dollar commitments – August 2023
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
Top Fund Managers by number of reported commitments – August 2023
- 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
What does the future hold for private debt funds?
In addition to tracking past commitments and providing unique LP insights, the Nasdaq eVestment platform tracks investors’ asset allocation weightings and details on project and confirmed funds coming to market. Click the button below to request a fundraising intelligence pack.
The intel pack features a list of 5 under-allocated LPs and insights on GP competitors coming to market.
Overview
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.
Most Active Pension Plan Investors by reported dollar commitments – August 2023
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
What does the future hold for real estate funds?
In addition to tracking past commitments and providing unique LP insights, the Nasdaq eVestment platform tracks investors’ asset allocation weightings and details on project and confirmed funds coming to market. Click the button below to request a fundraising intelligence pack.
The intel pack features a list of 5 under-allocated LPs and insights on GP competitors coming to market.
Overview
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.
Most Active Pension Plan Investors by reported dollar commitments – August 2023
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 real assets funds?
In addition to tracking past commitments and providing unique LP insights, the Nasdaq eVestment platform tracks investors’ asset allocation weightings and details on project and confirmed funds coming to market. Click the button below to request a fundraising intelligence pack.
The intel pack features a list of 5 under-allocated LPs and insights on GP competitors coming to market.
Intelligent Fundraising
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Data included in this report is sourced exclusively through information available in our Market Lens tool, a one-stop platform offering access to underlying documents and information from public plans and their consultants, including investor profiles, asset allocation studies, commitment pacing plans, peers’ pitchbooks and much more.
Clients use this information for up to the minute insights into market trends, and to better identify prospective investors and access more granular information to tailor pitches and presentations to accelerate their fundraising and enhance investor relations.
