After a banner year by multiple metrics for both private equity and venture capital, it makes sense that many LPs are looking to maintain or up their allocations to both asset classes. Using the PitchBook Platform to delve through thousands of updates to LP mandates, we've highlighted some notable allocation shifts:
San Francisco Employees’ Retirement System increased its private equity allocation from 16% to 18%. According to our research, its plan is to invest $1 billion this year over a series of 15 to 20 private equity funds.
Regina Civic Employees’ Superannuation & Benefit Plan, based in Canada, is considering increasing its private equity allocation from 5% to 10% to include a $120 million private equity mandate.
Even city-sized pensions are increasing their allocations to the asset class. The Lincoln Police and Fire Pension Fund of Nebraska is looking to invest between $5 million to $10 million in venture capital funds over the next 12 months to expand its portfolio.