In the month of September, Dakota tracked a total of approximately $18 billion across 141 investments. 42 individual pension funds reported commitments during the month.
In this article we are reviewing the top allocations, shifts, and terminations made in the month of September. By the end of this article, you'll have a better understanding of the allocations made in asset classes and sub-asset classes as well as movements in the industry.
California Public Employees’ Retirement System placing $8.1 billion
Washing State Investment Board disclosed $1.8 billion in commitments
Maryland State Retirement & Pension System committed $$1.7 billion
New York State Common Retirement committed $1.5 billion
Asset Classes: Private Equity took in approximately 52% of commitments, Private Credit maintained second with 20% of commitments, Real Estate took in 14% of commitments, Real Assets received 11% of commitments.
Sub-Asset Classes: Stemming from the private equity asset class, buyouts made up about 22% of commitments, this includes lower middle market, middle market, and large buyout funds. Also in private equity, growth equity funds made up 16% of total commitments in the month. it is worth noting that venture capital funds made about 8% of commitments. Within real assets, infrastructure accounted for 11% of commitments. In private credit, opportunistic credit made up 11% of commitments.
California Public Employees’ Retirement System
$1.5 billion to Blackstone Real Estate Debt Strategies V (Private Credit-RE Debt)
$1 billion to Ares Senior Credit Investment Partnership (Private Credit-Opportunistic)
$750 million to Brookfield Infrastructure Fund V (Real Assets-Infrastructure)