In May, Dakota tracked over $13.47B across 126 investments from 36 distinct pension funds or entities disclosing their commitments. In this article, we highlight the top allocators and allocations made in the month of May by these public institutions:
The Top Allocators for the Month:
- California State Teachers’ Retirement System disclosed $2.9B in new commitments
- CPP Investments reported an additional $2.3B in commitments
- New Jersey Division of Investment reported $1.2B in commitments
Asset Classes:
- Private Equity: A total of $7.7B was directed into 64 investments, making up approximately 56.9% of the month’s commitments.
- Private Credit: $1.4B was invested through 16 deals, constituting 10.5% of the total.
- Private Real Estate: This category saw $1.8B allocated across 15 investments, representing 13.3% of commitments.
- Real Assets/Infrastructure: $866M was allocated across seven investments, accounting for 6.4% of the month’s total.
- Venture Capital: $896M was invested across 18 investments, approximately 6.6% of investments.
Sub-Asset Classes:
- Private Equity: Buyouts made up 39.2% of overall commitments, with $5.28B allocated to 38 funds ranging from lower middle market to large buyout strategies.
- Private Credit: Opportunistic strategies attracted $310M in commitments, equal to 2.3% of the total. Direct Lending strategies accounted for 1.3% of investments, attracting $175M to the asset class.
- Real Assets: Infrastructure investments saw over $1.2B in commitments, representing 9.2% of the month’s allocations.
- Real Estate: Opportunistic and value-added strategies accounted for $1.6B, which was 11.5% of the investments tracked in May.
Significant Allocations in May:
- CPP Investments
- EQT Infrastructure VI (Private Infrastructure): $542M
- Blackstone Real Estate Partners Europe VII (Real Estate): $542M
- Nordic Capital Fund XI (Private Equity): $498.7M
- Mass PRIM - Advent International GPE XI (Private Equity): $426M
- New Jersey Division of Investment - Townsend Mid-Market SMA (Real Estate): $400M
Smaller Allocations:
- Santa Barbara County Employees’ Retirement System
- NovaCap International Technologies VII (Private Equity): $7.5M
- High Street Value Fund II (Real Estate): $7.5M
- Oregon Public Employees Retirement Fund - Mayfield Select III (Venture Capital): $5.3M
- California State Teachers’ Retirement System
- AutoScout24 (Private Equity): $4.4M
- The Resolute Fund IV CFS Continuation Fund (Private Equity): $2M
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