Private Markets Monitor: April 2023
by Andrés Ramos, Content Marketing Specialist – Nasdaq Private Fund Solutions
Overview
In April 2023, 23 public pension plans reported a total of $4.8 billion in commitments to private equity funds, with an average commitment size of $99.5 million. A total of 48 commitments were reported in the month.
Most Active Pension Plan Investors by reported commitments – April 2023
Washington State Investment Board, $2.25 billion across 5 reported commitments
- Hellman & Friedman – $750 million
- TA Associates – $750 million
- Searchlight Capital Partners – $400 million
New Jersey Division of Investment, $426 million
- CVC Capital Partners – €250 million
- American Industrial Partners – $150 million
New York State Teachers, $300 million
- GTCR – $200 million
- Amulet Capital Partners – $100 million
Alaska Permanent, $195 million across 7 reported commitments
- TA Associates – $50 million
- GTCR – $40 million
- Bain Capital Private Equity – $25 million
Top Fund Managers by number of reported commitments – April 2023
- Hellman & Friedman – 4 reported commitments, $1.15 billion
- TA Associates – 3 reported commitments, $880 million
- Genstar Capital – 3 reported commitment, $400 million
- Searchlight Capital Partners – 1 reported commitment, $400 million
- CVC Capital Partners – 3 reported commitments, $310 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 April 2023, 15 public pension plans reported a total of $2.85 billion in commitments to private debt funds, with an average commitment size of $129.7 million. A total of 22 commitments were reported in the month.
Most Active Pension Plan Investors by reported dollar commitments – April 2023
New York State Common Retirement Fund, $902 million
- Blantyre Capital – $552 million
- LCM Partners – $350 million
Virginia Retirement System, $550 million
- Ares Management – $400 million
- Oaktree Capital Management – $150 million
New Jersey Division of Investment, $550 million
- HPS Investment Partners – $550 million
New Mexico SIC, $300 million
- Silver Rock – $300 million
Top Fund Managers by number of reported commitments – April 2023
- HPS Investment Partners – 2 reported commitments, $625 million
- Blantyre Capital – 1 reported commitment, $552 million
- Ares Management – 6 reported commitments, $493 million
- LCM Partners – 1 reported commitments, $350 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 April 2023, 14 public pension plans reported a total of $3.7 billion in commitments to real estate funds, with an average commitment size of $196.6 million. A total of 19 commitments were reported in the month.
Most Active Pension Plan Investors by reported dollar commitments – April 2023
ERAFP, $2.76 billion
- AEW Capital Management – $1.38 billion
- La Francaise Real Estate Manager – $1.38 billion
Virginia Retirement System, $375 million
- Oak Street Real Estate Capital – $250 million
- Penwood Real Estate Investment Management – $125 million
New Mexico SIC, $150 million
- Oaktree Capital Management – $150 million
Los Angeles Water & Power, $120 million
- Angelo Gordon & Co. – $60 million
- LongPoint Realty Partners
Top Fund Managers by number of reported commitments – April 2023
- AEW Capital Management – 1 reported commitment, $1.38 billion
- La Francaise Real Estate Manager – 1 reported commitment, $1.38 billion
- Oak Street Real Estate Capital – 1 reported commitment, $250 million
- Oaktree Capital Management – 2 reported commitments, $165 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 April 2023, 13 public pension plans reported a total of $2.4 billion in commitments to real assets funds, with an average commitment size of $131.6 million. A total of 18 commitments were reported in the month.
Most Active Pension Plan Investors by reported dollar commitments – April 2023
LACERA, $696 million
- Macquarie Asset Management – $600 million
- DIF – $60 million
- Partners Group Holding – $46 million
New York State Common Retirement Fund, $500 million
- Brookfield Asset Management – $300 million
- Northleaf Capital Partners – $200 million
Virginia Retirement System, $350 million
- Pantheon Ventures Limited – $350 million
New Jersey Division of Investment, $325 million
- Grosvenor Capital Management – $250 million
- Stonepeak Infrastructure Partners – $75 million
Top Fund Managers by number of reported commitments – April 2023
- Macquarie Asset Management – 2 reported commitments, $750 million
- Pantheon Ventures Limited – 1 reported commitment, $350 million
- Brookfield Asset Management – 1 reported commitment, $300 million
- Grosvenor Capital Management –1 reported commitment, $250 million
- Northleaf Capital Partners – 1 reported commitment, $200 million
- Stonepeak Infrastructure Partners – 4 reported commitments, $122 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.
