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.
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