In July, Dakota monitored around $6 billion across 78 investments. During this period, 36 distinct pension funds or entities reported their commitments.
In this article we are going over the top allocators, allocations, and terminations made in the month of July. By the end of this, you'll have a better understanding of the Public Pension commitments made in the month of July.
The leading allocators for the month were:
- New York State Common Retirement Fund revealed $2 billion in commitments
- ACCESS Pool disclosed two commitments totaling $600 million
- Connecticut Retirement Plans and Trust Funds approved $450 million in commitments
Asset Classes:
- Private Equity: $1.6 billion was allocated across 29 investments, representing approximately 27% of the total commitments.
- Real Assets: $1.6 billion across 8 investments, accounting for 27% of commitments.
- Private Credit: $1.1 billion was committed across 18 investments, making up 19% of the total.
- Private Real Estate: $1.3 billion flowed into this asset class through 17 investments, comprising 22% of commitments.
Sub-Asset Classes:
- Private Equity: Buyouts constituted about 10% of commitments, with $650 million across 17 funds covering lower middle market, middle market, and large buyout funds.
- Real Assets: Over $640 million was directed towards 4 Infrastructure investments, making up 10% of commitments.
- Real Estate: Value-Add Real Estate investments accounted for $630 million, or 10% of the total investments tracked in July.
- Private Credit: Opportunistic Credit investments represented $580 million across 7 investments, equating to 9.6% of the month's total.
Major Allocations in July:
- NY State Common
- Empire Credit Co-Investment Fund - $400 million
- Ares European Property Enhancement Fund IV - $355.2 million
- Copenhagen Infrastructure V - $333 million
- ACCESS Pool
- JPMorgan Global Timber - $300 million
- Stafford Capital Partners - $300 million
- Connecticut Retirement Plans and Trust Funds - Hollyport Secondary Opportunities IX - $200 million
Smaller Allocations:
- Merced County Employees' Retirement Association
- Thoma Bravo Discover V - $8 million
- Carlyle Realty Partners X - $8 million
- Nautic Partners XI - $8 million
- Ann Arbor Employee Retirement System
- Grain Communications Opportunity Fund IV - $5 million
- BlackRock Global Renewable Power Infrastructure Fund IV - $5 million
- Southfield Employee Retirement System
- Bloomfield Capital Income Fund V - $1.5 million
- PIA Fund - $1.5 million
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