On March 26, 2021, Callan met with their client North Dakota State Investment Board (SIB) to discuss the results of their In-State Private Markets Program manager search. The document covered in the meeting was among the most viewed in April by Market Lens users.
Each year on April 22 we celebrate Earth Day, a day that serves primarily to bring attention to the impact that humans have on our planet and the importance of environmental protection.
Reducing carbon emissions is a consistent theme of Earth Day and we want to take the opportunity this year to highlight three pension plans that are working to do just that by expanding their allocations to renewable energy.
In this on-demand webcast we debrief public pension plan commitment activity through the first few months of the year, examine LP strategic plans for insights on how investors plan to commit capital through the rest of 2021, and explore consultant outlooks to understand market sentiment on various private markets strategies.
Released last week by eVestment, Consultant Outlooks: 2021 is an aggregated look the capital markets assumptions compiled from six industry consultants. Aon, Callan, Meketa, NEPC, Verus, and Wilshire. Sourced from eVestment Market Lens from December 2020 through February 2021, the data offers a look into what these six top consultants expect to see in the private markets.
Each month, thousands of documents are added and viewed on eVestment’s Market Lens platform. In February, one of the most viewed documents was a Private Markets Pacing Analysis presentation from consultant RVK for Vermont Pension Investment Committee (VPIC). VPIC is responsible for administering the assets of the public employees of the state of Vermont and is an active in the private markets.
2020 proved to be a mixed bag for the private markets in terms of fundraising. While some asset classes thrived, others struggled mightily to deal with the impact of the pandemic. Within private debt, so called dislocation funds saw a surge in interest as LPs looked for opportunistic investment opportunities.
According to the year-end edition of our eVestment Private Markets Monthly Monitor, private debt saw $33.7 billion in reported commitments from 79 different public pension plans in 2020, a 31% increase from the segment’s final 2019 figure. The 2020 total was comprised of 319 commitments representing a 46% increase compared 2019.
Our newly published report, detailing commitments reported by public pension plans to private funds through 2020, uncovers that 120 plans reported commitments of $83.1 billion to private equity funds in the year. The total represents a 20% increase from the 2019 full year figure and shows that institutional investors were able to adapt to digital due diligence and push forward with commitment pacing plans.
New data from eVestment Private Markets: Published February 9, 2021, the year-end edition of the eVestment Private Markets Monthly Monitor found that public plans investors committed $154.6 billion to private funds in 2020. The amounted to a 2% increase from the previous year’s mark and indicate that pension plans were not afraid to put capital to work during the pandemic.
