PPF
Public Pension Funds
State and public retirement systems that anchor funds.
LP & Institutional CapitalInvestor typeGlobal
Target market
Buyout, growth and diversified private-markets funds
Geography
Global
Overview
Public pension funds are among the largest and most consistent limited partners in private equity, committing on behalf of government and public-sector employees. They typically allocate a target percentage of assets to private markets and favour established managers.
Key facts
- Long-term, target-allocation-driven investors
- Often the largest single LPs in a fund
- Subject to public disclosure and governance requirements
- Examples include CalPERS, CalSTRS and state systems