WASHINGTON, DC – Today, the American Investment Council released its 2022 public pension study showing that private equity delivered the strongest returns for public pensions portfolios. In 2021, private equity investments delivered a median annualized return of 15 percent over a 10-year period for public pension funds across America that partner with private equity – a greater return than any other asset class.
The top 10 public pension funds by private equity returns as of June 30, 2021, net of fees:
- Illinois State Board of Investment, which had a 10-year annualized return of 19.8 percent
- West Virginia Investment Management Board, which had a 10-year annualized return of 19.7 percent
- Massachusetts Pension Reserves Investment Trust, which had a 10-year annualized return of 18.9 percent
- Public School & Education Employee Retirement System of Missouri, which had a 10-year annualized return of 18.4 percent
- Iowa Public Employees’ Retirement System, which had a 10-year annualized return of 18.3 percent
- Nashville & Davidson County Metropolitan Government Employee Benefit Trust Fund, which had a 10-year annualized return of 18.1 percent
- Ohio School Employees Retirement System, which had a 10-year annualized return of 17.7 percent
- San Francisco Employees’ Retirement System, which had a 10-year annualized return of 17.5 percent
- Baltimore Fire & Police Retirement System, which had a 10-year annualized return of 17.4 percent
- Delaware Public Employees Retirement System, which had a 10-year annualized return of 17 percent