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Arizona PSPRS outperforms ILPA benchmarks

The $10bn US public pension's private equity portfolio surpasses industry standards over trailing three, five and ten years.

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The Arizona Public Safety Personnel Retirement System (PSPRS) said in a press release today that it had outperformed key private equity benchmarks from the Institutional Limited Partners Association (ILPA).

The US public pension’s public equity portfolio, which constitutes $2.2 billion of its $10 billion in total assets under management, returned 13.1 percent over the trailing ten-year period, surpassing ILPA’s benchmark of 8.8 percent. According to PSPRS, its private equity investments also outperformed ILPA’s corresponding benchmarks over trailing three- and five-year periods by 3.6 and 2.7 percent, respectively.

PSPRS also heard good news about its performance at Wednesday’s Board of Trustees meeting, as Stepstone Consulting reported that the fund’s ten-year private equity returns were the second-highest out of a sample of 40 peer funds.

PSPRS has an overall allocation to alternatives of 49 percent. Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.