Today, the American Investment Council released its 2021 Public Pension Study. As has been the case each year since its inception, this study found private equity to be the best returning asset class in public pension portfolios. In 2020, private equity continued to provide a strong return on investment, with a median annualized return of 12.3 percent over a 10-year period.
The WVIMB’s return of 16.06% ranks the WVIMB second among public funds where the median annualized return is 12.3%.
The top 10 public pension funds by private equity returns:
- Illinois State Board of Investment, which had a 10-year annualized return of 16.10 percent as of June 30, 2020, net of fees.
- West Virginia Investment Management Board, which had a 10-year annualized return of 16.06 percent as of June 30, 2020, net of fees.
- Teachers Retirement Association of Minnesota, which had a 10-year annualized return of 15.90 percent as of June 30, 2020, net of fees.
- Massachusetts Pension Reserves Investment Trust, which had a 10-year annualized return of 15.03 percent as of June 30, 2020, net of fees.
- Ohio School Employees Retirement System, which had a 10-year annualized return of 15.03 percent as of June 30, 2020, net of fees.
- Public School and Education Employee Retirement Systems of Missouri, which had a 10-year annualized return of 14.70 percent as of June 30, 2020, net of fees.
- Iowa Public Employees’ Retirement System, which had a 10-year annualized return of 14.65 percent as of June 30, 2020, net of fees.
- Stanislaus County Employees Retirement Association, which had a 10-year annualized return of 14.30 percent as of June 30, 2020, net of fees.
- Philadelphia Board of Pensions and Retirement, which had a 10-year annualized return of 14.10 percent as of June 30, 2020, net of fees
- San Francisco Employees’ Retirement System, which had a 10-year annualized return of 14.05 percent as of June 30, 2020, net of fees