As highlighted in our 2Q 2015 U.S. PE Breakdown Report, PE fundraising in the U.S. slowed dramatically in 1Q by both fund count and total capital raised. Smaller funds, particularly vehicles under $250 million, are off to a noticeably slow start, as LP commitments are flowing more and more toward larger funds.
Using the PitchBook Platform, we've discovered announced mandates from the first four months of 2015 that highlight this trend from limited partners and offer some notable fundraising opportunities:
San Francisco Employees’ Retirement System announced plans to increase its private equity allocation from 16% to 18%, representing an additional $2 billion in new investments to the asset class.
Massachusetts Pension Reserves Investment Trust plans to commit up to $1.7 billion to private equity in 2015, with an additional $700 million to private debt strategies.
New York City Pension Funds plans to invest $2.5 billion to $3 billion into new private equity investments in the 2015 fiscal year.
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