US public pension fund, returned 8.5% for its latest fiscal year, exceeding its target but lagging behind the country’s largest pension for
slowed. California Public Employees’ Retirement System CEO Marcie Frost says the pension still has strong conviction in private equity. She
pension fund. SERS allocation to private equity has steadily increased and now stands at 14%.” The increased allocation of public pension
more broadly in alternative assets like private equity, private credit, hedge funds, and real estate. During this investment transition,
strong month for public pension funding: Monthly market gains of 2.3% lifted the nation’s 100 largest public defined benefit plans’ funded