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September public pension commitments to private equity hits record for the year

Friday, November 15, 2019
Opalesque Industry Update - Thirty public pension plans reported a total of 105 commitments to private equity investments in September, totaling $9.13 billion, according to the latest eVestment Private Markets Monitor.

September's announced activity marked the largest month for reported commitments to private equity by public pensions tracked by eVestment in 2019, both by number reported and dollar value, according to the new report. In the past 12 months, the largest number and dollar value of commitments came in December 2018, when public pensions announced 127 private equity commitments totaling $12.08 billion.

September saw a big spike in public pensions' reported commitments to real estate investments, with 22 public pensions reporting 43 commitments worth $6.95 billion during the month. The previous high in the past 12 months came in March, when public pensions tracked by eVestment reported 42 commitments worth $5.74 billion.

Private debt commitments announced by public pensions have fallen in dollar amount from a high of $6.72 billion in 24 commitments to $2.48 billion in 23 commitments in September, with both dollar value and number of commitments reported to private debt falling dramatically during the summer months.

Commitments reported to real assets investments have fallen from their highs in June - 34 commitments worth $4.72 billion - to 13 commitments worth $2.72 billion in September.

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