Public Plan LP Reported Commitments Hit New Monthly Record in 2019

November 18th, 2019

by Cameron Nicol, Senior Marketing Manager – eVestment Private Markets

Thirty public pension plans tracked by eVestment reported a total of 105 commitments to private equity investments in September, totaling $9.13 billion, according to the latest eVestment Private Markets Monthly Monitor.

September’s announced activity marked the largest month for reported commitments to this asset class by public pensions in 2019, both by number reported and dollar value. 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.

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Other interesting findings in the latest edition include:

  • September saw a big spike in public pensions’ reported commitments to real estate investments, with 22 public pensions reporting 43 commitments worth $6.95 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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Find out which public plans and GP funds drove this record activity, access the latest Monthly Monitor now.

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