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Private Markets Reported Commitments: January 2023

by Andrés Ramos, Content Marketing Specialist – Nasdaq Private Fund Solutions

Overview

In January 2023, 18 public pension plans reported a total of $6.5 billion in commitments to private equity funds, with an average commitment size of $133.1 million. A total of 49 commitments were reported in the month.

Most Active Pension Plan Investors by reported commitments – January 2023

Oregon PERS, $4.1 billion across 14 reported commitments

  • Pathway Capita – $1.25 billion
  • TPG Global – $350 million
  • Francisco Partners – $300 million

LACERA, $300 million

  • Symphony Technology Group – $150 million
  • AE Industrial Partners – $75 million
  • Clearlake Capital – $75 million

Contra Costa ERA, $250 million

  • GTCR – $100 million
  • Hellman & Friedman – $100 million
  • Symphony Technology Group – $50 million

Top Fund Managers by number of reported commitments – January 2023

  • GTCR – 3 reported commitments, $425 million
  • TPG Global – 2 reported commitments, $350 million
  • Francisco Partners – 2 reported commitments, $300 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 January 2023, 10 public pension plans reported a total of $1.3 billion in commitments to private debt funds, with an average commitment size of $78.7 million. A total of 16 commitments were reported in the month.

Most Active Pension Plan Investors by reported dollar commitments – January 2023

Houston Firefighters, $322.2 million

  • Blackstone – $195 million
  • Cerberus Capital – $100 million
  • Ares Management – $27.2 million

Oregon PERS, $300 million

  • Whitehorse Liquidity Partners – $200 million
  • Pathlight Capital – $100 million

Ventura County ERA, $60 million

  • Kennedy Lewis Investment Management – $30 million
  • HarbourView Equity Partners – $30 million

Top Fund Managers by number of reported commitments – January 2023

  • Sixth Street – 1 reported commitment, $250 million
  • Whitehorse Liquidity Partners – 1 reported commitment, $200 million
  • Blackstone – 1 reported commitment, $195 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 January 2023, 8 public pension plans reported a total of $709 million in commitments to real estate funds, with an average commitment size of $47.3 million. A total of 15 commitments were reported in the month.

Most Active Pension Plan Investors by reported dollar commitments – January 2023

NY State Common Retirement Fund, $283 million

  • Artemis Real Estate Partners – $200 million
  • MetLife Investment Management – $68 million
  • Raith Capital – $15 million

New York State Teachers, $158.3 million

  • Aermont Capital – $108.3 million
  • EQT Exeter – $50 million

Los Angeles Water & Power, $120 million

  • Invesco – $60 million
  • DRA Advisors – $60 million

Houston Firefighters, $85 million

  • EQT Exeter – $50 million
  • Rialto Capital Management – $35 million

Top Fund Managers by number of reported commitments – January 2023

  • EQT Exeter – 2 reported commitments, $100 million
  • DRA Advisors – 2 reported commitments, $75 million
  • Invesco – 2 reported commitments, $75 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 January 2023, 4 public pension plans reported a total of $554 million in commitments to real assets funds, with an average commitment size of $79.2 million. A total of 7 commitments were reported in the month.

Most Active Pension Plan Investors by reported dollar commitments – January 2023

New Mexico SIC, $220 million

  • EQT Fund Management – $220 million

LACERA, $200 million

  • Sprott Resource Lending – $200 million

Louisiana Teachers, $100 million

  • Stonepeak Infrastructure Partners – $50 million
  • Global Infrastructure Partners – $50 million

Top Fund Managers by number of reported commitments – January 2023

  • EQT Fund Management – 1 reported commitment, $220 million
  • Sprott Resource Lending – 1 reported commitment, $200 million
  • Stonepeak Infrastructure Partners – 1 reported commitment, $50 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.

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