Private Equity International‘s 2021 Investor Report is available for download, presenting details on how top LPs are operating in the market.
Institutions increased their private equity allocation to an average of 8.6 percent in 2021, the highest since 2017, PEI data shows.
Five US public pension funds, including California Public Employees’ Retirement System, California State Teachers’ Retirement System and Washington State Investment Board, appear in the list of the largest disclosed fund commitments. CalPERS was the most active of these, with seven sizeable commitments including in funds managed by KKR and Summit Partners.
Overall, foundations and endowments – often seen as first movers into new strategies – had the biggest average allocation to private equity at 13.29 percent, up from 11.58 percent the previous year. Second on the list are sovereign wealth funds, with an average exposure of 11.69 percent. Insurers and private pensions saw their average exposure decrease slightly from the year before.
Check out our other interactive rankings and reports for trends and highlights that continue to shape the private equity landscape.
– This article has been updated with the latest PDF and data downloads.