LP interest in PE strong: The largest mandates of 2Q 2015
August 5, 2015
Our 3Q 2015 U.S. PE Breakdown illustrates the continuing interest in private equity from limited partners. Median fund size continues to grow and the average time to close a fund is on the decline.
Here are some of the largest announced mandates from the second quarter of 2015 that highlight LP interest in private equity:
Oregon Investment Council is planning to commit $2 billion to $3 billion to new private equity investments over 12-20 funds, the same allocation to PE as its mandate from last year.
At $5 billion, New York State Common Retirement Fund’s most recently announced mandate states it is looking to invest in private equity, venture capital, real estate and new infrastructure projects specifically in Africa.
Teacher Retirement System of Texas’ $5.7 billion mandate includes $4.7 billion for commitments to private equity funds specifically, with $1 billion for direct and co-investments in 2016.
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