Reports Blog

October 2025 Public Pension Brief

Written by Dakota | Nov 3, 2025 3:07:46 PM

Highlights from October:

  • New York State Common Retirement Fund committed $500M to William Blair Emerging Markets and $250M to Kayne Anderson Real Estate Partners VII, along with $200M to OHA CLO Equity Fund III.

  • San Francisco Employees’ Retirement System set a $1.1B pacing plan for private equity and $550M for real assets in 2026, signaling continued appetite for long-term alternatives.

  • Minnesota State Board of Investment committed nearly $1.5B across 11 private equity and private credit funds, including $300M to Blackstone Strategic Partners X and $250M to Permira IX.

  • Texas Teachers Retirement System disclosed a series of commitments across private equity and infrastructure, including $100M to Sage Equity Investors and $75M to Verto Logistics JVCo.

  • Los Angeles County Employees’ Retirement Association approved $700M in private equity and real estate commitments, highlighted by $400M to Advent International GPE XI.

  • VBL (Germany) awarded two €750M infrastructure debt mandates to AllianzGI and Global Infrastructure Partners, reflecting strong demand for long-duration yield.

  • Delaware Public Employees’ Retirement System restructured its public equity sleeve, allocating $250M to Lingotto Global Equity and trimming Baillie Gifford and T. Rowe Price.

  • Sandra Maria Schaufler was appointed Managing Director of Public Equities at NYSTRS, and Bryan Moore was officially named CIO at South Carolina RSIC.

  • Bryan Moore was officially named Chief Investment Officer at South Carolina Retirement System Investment Commission after serving in an interim capacity.

  • Iowa PERS outlined a $2.35B private markets investment plan for 2025, with large real estate and private credit allocations on the horizon.