Private equity returns have outperformed all other asset classes in large public pension funds over the last decade.
That's according to an analysis by the Private Equity Growth Capital Council, which examined 146 U.S. public pension funds with assets greater than $1 billion to see what their allocation was and to compare the performance of their private equity investments to other classes.
The study found the Massachusetts Pension Reserves Investment Trust Fund maintained the highest private equity performance at 15.4 percent over 10 years, followed by the Los Angeles County Employees Retirement Association and the Teacher Retirement System of Texas.
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