$200m
Institution: California Public Employees’ Retirement System
HQ: Sacramento
AUM: $490.18 billion
December 2021: California Public Employees’ Retirement System committed $200 million to Project Stream Co-Invest Fund, as part of its wider commitment of $1.7 billion across nine private equity funds. CalPERS has an 8 percent target allocation to private equity, which currently stands at 8.3 percent.
$115m
Institution:Â Illinois Municipal Retirement Fund
HQ:Â Oak Brook
AUM:Â $56.8 billion
February 2022: Illinois Municipal Retirement Fund approved $115 million-worth of commitments to two private equity funds and two co-investments. The commitments comprised $50 million each to Clearlake Opportunities Partners III, $20 million to New Enterprise Associates 18 and $30 million to NEA 18 Venture Growth Equity. The pension will also invest $15 million into co-investment vehicles created by both of the New Enterprise Associates’ managed funds.
$50m
Institution: Chicago Policemen’s Annuity & Benefits Fund
HQ:Â Chicago
AUM:Â $3 billion
January 2022: Chicago Policemen’s Annuity & Benefits Fund approved $50 million in commitments across two private equity funds. The public pension has made commitments of $25 million each to Mesirow Private Equity VIII-B and Adams Street Co-Investment Fund V.
$29m
Institution:Â Maryland State Retirement and Pension System
HQ:Â Baltimore
AUM:Â $66.7 billion
November 2021: Maryland State Retirement and Pension System made a co-investment of $15 million to Bain Capital Fund XIII and $14 million associated with Great Hill Equity Partners VII.
$125m
Institution:Â New York State Common Retirement Fund
HQ:Â Albany
AUM:Â $278.4 billion
November 2021: New York State Common Retirement Fund approved a commitment of $125 million to GSO Capital‘s co-investment vehicle. The move was part of a wider commitment of $1.4 billion to private equity.
$450m
Institution:Â Connecticut Retirement Plans and Trust Funds
HQ:Â Hartford,
AUM:Â $43.7 billion
October 2021: Connecticut Retirement Plans and Trust Funds confirmed a $450 million commitment to HarbourVest CRPTF Co-Investment Partnership at its October investment advisory council meeting. This co-investment will be managed by HarbourVest Partners.
$45m
Institution:Â Rhode Island State Treasury
HQ:Â Providence
AUM:Â $10.6 billion
July 2022: Rhode Island State Treasury committed $30 million to Paine Schwartz Food Chain Fund VI, according to its June 22 investment meeting. It also committed $15 million to a co-investment vehicle alongside the fund.
$400m
Institution: Pennsylvania State Employees’ Retirement System
HQ:Â Harrisburg
AUM:Â $39.9 billion
March 2022: Pennsylvania State Employees’ Retirement System approved $400 million in commitments across two investment managers, Francisco Partners and Thoma Bravo. The commitments include $100 million to Francisco Partners VII, $50 million to Francisco Partners Agility III and $50 million to a sidecar vehicle that will co-invest alongside the seventh fund and/or the third agility fund.
$100m
Institution:Â Virginia Retirement System
HQ:Â Richmond
AUM:Â $101.8 billion
September 2021: Virginia Retirement System confirmed $1.6 billion-worth of commitments across nine private equity funds, including $100 million to HarbourVest Partners Co-Investment Fund VI.
$100m
Institution:Â Florida Retirement System Trust Fund
HQ:Â Tallahassee
AUM:Â $201.9 billion
February 2022: Florida Retirement System Trust Fund approved $636 million-worth of commitments across eight private equity vehicles, including $100 million to Aegon/FSBA AAM I, which is a co-investment fund. The commitment marks a new manager relationship for the US public pension fund.