eVestment: Private Equity Top Choice For U.S. Public Pensions In Q4

Jan 24 2018 | 4:05pm ET

U.S. public pension plans have announced 121 new commitments to private equity in the fourth quarter, according to a report from eVestment, a company that provides institutional investment data and analytics.

This is down from the 124 private equity commitments U.S. public pensions announced in Q3, but still enough for private equity to be by far the No. 1 asset class these plans committed to in Q4.

Real assets came in at No. 2, with 76 new commitments in Q4, followed by private debt at No. 3 with 47 commitments.

Private equity was also the No. 1 choice for new U.S. public pension plans commitments tracked by eVestment in Q3 and Q1 2017 (the first quarter eVestment began tracking this data).

In 2Q 2017, real assets were the No. 1 asset class for new public pension plan commitments.

“It’s been interesting to watch the growing appetite public pension plans have for private equity investments in 2017, and to see the spread widen between private equity and other asset classes as much as it did in Q4,” said eVestment’s Director of Private Markets solutions, Graeme Faulds, in a statement.

The public pension investment commitment data is mined from eVestment’s Public Plan IQ solution, which aggregates data, documents, videos and more from hundreds of U.S. state and local government pension plans.

Acquired by NASDAQ last year, Atlanta-based eVestment was founded in 2000 by Jim Minnick, Matt Crisp and Heath Wilson. The company boasts one of the largest, most comprehensive global databases of traditional and alternative strategies and provides institutional investment data intelligence and analytic solutions to clients worldwide.

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