US. Private equity allocation helps public pension plans
U.S. public pension plans had 11% of their assets invested in private equity, and 89% had some amount allocated to the asset class, according to the American Investment Council's 2022 Public Pension Study. Public equity and fixed income, combining for 68%, had the largest share. The median 10-year annualized private equity return among public pension funds that the AIC examined was 15.1%. This return was better than other major asset classes, such as public equities' 11.8%. However, recent performance has slipped....
