The 10 Largest Allocators to Private Funds in Q2 2024

August 01, 2024

The 10 Largest Allocators to Private Funds in Q2 2024

In Q2 2024, public funds investors allocated nearly $38 billion to private funds, signaling a robust interest in alternative investments despite ongoing market uncertainties. While some skepticism persists around retail investors' participation in private markets, the demand for private credit is growing, driven by the search for higher yields in a low-interest-rate environment.

As institutional investors continue to diversify their portfolios, private market allocations, especially in private credit, are set for significant expansion, underscoring the evolving landscape of global asset management. Strategically, these institutional investors have placed billions into private equity, credit, real estate, and private infrastructure driving the growth of alternative investments.

In this article, we uncover the top 10 allocators to private funds during Q2 of 2024. By the end of this, you'll have a better understanding of where these institutional investors allocated their capital to help you anticipate future trends.

For more detailed insights and data, explore our comprehensive platform at Dakota Marketplace.

1. California Public Employees' Retirement Systems

AUM: $500 Billion
Q2 Private Fund Allocations: $4,525,000,000
Location: Sacramento, CA
Consultants: Wilshire Associates, Meketa Investment Group

2. Mass PRIM

AUM: $102 Billion
Q2 Private Fund Allocations: $3,086,000,000
Location: Boston, MA
Consultants: NEPC, Meketa Investment Group, Hamilton Lane Advisors

3. CPP Investments

AUM: $632.3 Billion
Q2 Private Fund Allocations: $1,825,000,000
Location: Toronto, Ontario

4. New York State Common Retirement Fund

AUM: $248.8 Billion
Q2 Private Fund Allocations: $1,808,000,000
Location: Albany, NY
Consultants: Callan, StepStone Group, Townsend Group

5. Virginia Retirement System

AUM: $110 Billion
Q2 Private Fund Allocations: $1,725,000,000
Location: Richmond, VA
Consultants: AON, Aksia, The Townsend Group

6. Washington State Investment Board

AUM: $172.9 Billion
Q2 Private Fund Allocations: $1,625,000,000
Location: Olympia, WA
Consultants: Hamilton Lane Advisors, Townsend Group

7. Oregon Public Employees Retirement Fund

AUM: $90.2 Billion
Q2 Private Fund Allocations: $1,500,000,000
Location: Tigard, OR
Consultants: RVK, Hamilton Lane Advisors

8. Teachers Retirement System of Louisiana

AUM: $26.3 Billion
Q2 Private Fund Allocations: $1,350,000,000
Location: Baton Rouge, LA
Consultants: AON, Mercer, Hamilton Lane Advisors

9. Connecticut Retirement Plans and Trust Funds

AUM: $56 Billion
Q2 Private Fund Allocations: $1,300,000,000
Location: Hartford, CT
Consultants: Meketa Investment Group, AON, Hamilton Lane Advisors, Albourne

10. New Mexico State Investment Council

AUM: $53.5 Billion
Q2 Private Fund Allocations: $1,210,000,000
Location: Santa Fe, NM
Consultants: RVK, Meketa Investment Group, Mercer, The Townsend Group

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Written By: Dakota

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The 10 Largest Allocators to Private Funds in Q2 2024