CalPERS deployed over $6B in alternative strategies, including infrastructure, venture, private equity, and global growth co-investments.
Washington State Investment Board made a massive $1.3B in commitments, including $800M to a private equity co-investment fund.
Virginia Retirement System committed $1.2B across real assets, private equity, and private credit.
CPP Investments (Canada) committed $1.8B+ across real estate, PE, and venture capital globally.
New York State Common terminated Baillie Gifford, reallocating $1.9B to cash, signaling a major public equity shift.
Texas TRS and San Francisco ERS approved new private markets and real asset commitments totaling hundreds of millions.
Los Angeles County ERS backed $270M in infrastructure and co-investments.
Private debt, infrastructure, and co-investments continue to dominate commitment trends among large U.S. and global public funds.