In December, Dakota tracked over $13.2B across 154 investments from 51 distinct pension funds and other institutional investors disclosing their commitments. In this piece, we highlight the top allocators and allocations made in the month of December by these public institutions:
The Top Allocators for the Month
- Florida State Board of Administration disclosed $2.6B in new commitments
- Indiana Public Retirement System reported an additional $1B in commitments
- New Mexico State Investment Council reported $995M in commitments
Asset Classes
- Private Equity: A total of $3.5B was directed into 54 investments, making up approximately 35.1% of the month’s commitments.
- Private Credit: $2.9B was committed to 25 separate deals, constituting 16.2% of the total.
- Private Real Estate: This category saw $2.2B allocated across 29 investments, representing 18.8% of commitments.
- Real Assets/Infrastructure: $2.3B was allocated across 18 investments, accounting for 11.7% of the month’s total.
- Venture Capital: $580M was committed across 20 investments and making up 13% of the month's tally.
Sub-Asset Classes
- Private Equity: Buyouts made up 18.8% of overall commitments, with $1.97B allocated to 29 funds ranging from lower middle market to large buyout strategies.
- Private Credit: Opportunistic strategies attracted $155M in commitments, equal to 2.6% of the total. Direct Lending strategies accounted for 6.5% of investments, attracting $1.7B to the asset class.
- Real Assets: Infrastructure investments saw over $1.1B in commitments, representing 8.4% of the month’s allocations.
- Real Estate: Opportunistic and value-added strategies accounted for $1.7B, which was 12.3% of the investments tracked in December.
Significant Allocations in December
- Indiana Public Retirement System - Parametric Gold (Real Assets): $1B
- Florida State Board of Administration
- Miccosukee Partners HY, LP (Private Credit): $500M
- Ardian European Private Credit Strategies II (Private Credit): $450M
- Bridgepoint Credit FSBA SMA SCSp (Private Credit): $400M
- State Universities Retirement System of Illinois - Man AHL Alpha (Hedge Funds/Liquid Alternatives): $450M
Smaller Allocations
- Laborers’ & Retirement Board Employees’ Annuity & Benefit Fund of Chicago - Brightwood Capital SBIC IV (Private Credit): $5M
- City of Southfield-Employees Retirement System - Mavik Real Estate Special Opportunities Fund (Real Estate): $3M
- Orange County Employees Retirement System - EnCap PE Co-Invest (Private Equity): $1.5M
To explore the allocators, asset classes, and commitments driving months like December in real time, book a demo of Dakota Marketplace.
