In January, Dakota tracked over $14.46B across 161 investments from 46 distinct pension funds or entities disclosing their commitments.
In this article we are going over the top allocators, allocations, and terminations made in the month of January. By the end of this, you'll have a better understanding of the Public Pension commitments made in the month of January.
The Top Allocators for the Month:
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New York State Common Retirement Fund disclosed $3.15B in new commitments.
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Los Angeles County Employees’ Retirement Association made an additional $1.57B in commitments.
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Teacher Retirement System of Texas reported $1.4B in commitments.
Asset Classes:
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Private Equity: A total of $8B was directed into 86 investments, making up approximately 56% of the month’s commitments.
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Private Credit: $2.2B was invested through 22 deals, constituting 15.5% of the total.
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Private Real Estate: This category saw $2.8B allocated across 32 investments, representing 19.6% of commitments.
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Real Assets/Infrastructure: $737M was allocated across eight investments, accounting for 5.1% of the month’s total.
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Venture Capital: $315M was invested across 11 investments, approximately 2.2% of investments.
Sub-Asset Classes:
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Private Equity: Buyouts made up 22.4% of overall commitments, with $3.24B allocated to 46 funds ranging from lower middle market to large buyout strategies.
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Private Credit: Opportunistic strategies attracted $155M in commitments, equal to 1.1% of the total. Direct Lending strategies accounted for 6.6% of investments, attracting $955M to the asset class.
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Real Assets: Infrastructure investments saw over $661M in commitments, representing 4.6% of the month’s allocations.
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Real Estate: Opportunistic and value-added strategies accounted for $2.58B, which was 17.8% of the investments tracked in January.
Significant Allocations in November:
Smaller Allocations:
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Merced County Employees’ Retirement Association - GTCR Strategic Growth Fund II (Private Equity): $6M
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San Jose Federated City Employees Retirement System - Silver Point Distressed Opportunity Institutional Partners II (Private Credit): $5M
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