PSERS shares long-term target allocations

Name: Public School and Education Employee Retirement Systems of Missouri (PSERS/PEERS)
HQ: Jefferson City, US
AUM: $54.2 billion
Allocation to private equity: 18.06%

Public School and Education Employee Retirement Systems of Missouri (PSERS/PEERS) has increased its long-term target allocations for private risk assets from 35 percent to 40 percent, according to its recent board materials.

The public pension has a long-term target allocation of 21 percent for private equity, 11 percent for private real estate and 8 percent for private credit. The pension fund has reached an allocation of 18.06 percent, which amounts to around $9.8 billion of capital to private equity as of 1 January 2023.

PSERS/PEERS had around $2.2 billion in capital calls and $1.7 billion in distributions of private capital in the calendar year 2022. The pension fund’s recent commitments have been predominantly focused on the North American region.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.