The month of May saw:
May was a meaningfully busier month as commitments made totaled $15.6 B allocated among 109 individual managers. There were no terminations and 48 individual pension funds made commitments during the month.
The top allocations during the month were:
Asset Classes: May was an about face in terms of where allocators committed capital with Private Equity taking in 60% of commitments, Private Credit maintained second with 20% of commitments, and Real Assets also maintained its spot in the top three taking 7% of commitments. It is also worth mentioning that Fixed Income took in 4% this month, a reflection of the higher yields present today VS a year ago.
Sub Asset Classes: flowing down from PE being the largest asset class, Middle Market Buyout the largest sub-asset allocation taking in 18% of commitments, in second Large Buyout took in 14% of allocations, and Growth Equity also took in 14% of commitments in third place. Worth a mention that the Direct Lending sub-asset class came into the top five for the first time in a year it is taking the place of traditional lending sources. While we sound like a broken record, VC maintains a spot also in the top five, as the allocators remain committed to innovation and growth deposit what we are reading in the headlines. There were over 33 sub-asset classes allocated to this month, which is higher than average.
Looking at the top shifts made this month:
Written By: Gui Costin, Founder, CEO
Gui Costin is the Founder and CEO of Dakota.
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