In April, Dakota tracked over $14B across 162 investments from 48 distinct pension funds or entities disclosing their commitments. In this article, we highlight the top allocators and allocations made in the month of April by these public institutions:
The Top Allocators for the Month:
- Teachers’ Retirement System of Illinois disclosed $2.4B in new commitments.
- Virginia Retirement System reported an additional $1.9B in commitments.
- Washington State Investment Board reported $1.5B in commitments.
Asset Classes:
- Private Equity: A total of nearly $8B was directed into 72 investments, making up approximately 36.2% of the month’s commitments.
- Private Credit: $6.2B was invested through 34 deals, constituting 28.1% of the total.
- Private Real Estate: This category saw $2.6B allocated across 28 investments, representing 11.6% of commitments.
- Real Assets/Infrastructure: $2.4B was allocated across 23 investments, accounting for 10.8% of the month’s total.
- Venture Capital: $2.7B was invested across 23 investments, approximately 12.4% of investments.
Sub-Asset Classes:
- Private Equity: Buyouts made up 25.4% of overall commitments, with $5.58B allocated to 47 funds ranging from lower middle market to large buyout strategies.
- Private Credit: Opportunistic strategies attracted $208M in commitments, equal to 0.9% of the total. Direct Lending strategies accounted for 12.3% of investments, attracting $2.7B to the asset class.
- Real Assets: Infrastructure investments saw over $1.88B in commitments, representing 8.6% of the month’s allocations.
- Real Estate: Opportunistic and value-added strategies accounted for $1.47B, which was 6.7% of the investments tracked in April.
Significant Allocations in April:
- Washington State Investment Board
- Evergreen Park Investment Fund (Private Equity): $1B
- Advent International GPE XI (Private Equity): $500M
- Teachers’ Retirement System of Illinois - Brown Brothers Harriman Multi-Asset Credit (Private Credit): $400M
- Teacher Retirement System of Texas - GCM Real Estate Strategic Platform Investments (Real Estate): $350M
Smaller Allocations:
- Colorado Fire and Police Pension Association
- Incus European Specialty Credit Fund IV (Private Credit): $5.5M
- Syntagma Capital Partners I (Private Equity): $5.5M
- Merced County Employees’ Retirement Association - Threshold Ventures V (Venture Capital): $5M
- Wayne County-Employees Retirement System - Taurus Private Markets Fund III (Private Equity): $5M
To explore more Public Pension Plans and industry turnover, book a demo of Dakota Marketplace!
