Massachusetts PRIT has best performing PE portfolio – study
Massachusetts Pension Reserves Investment Trust (PRIT) Fund has the best performing private equity portfolio among US pensions, returning 9.1% and 15.4% on a five-year and a 10-year basis, according to a study by the Private Equity Growth Capital Council (PEGCC). California Public Employees’ Retirement System (CalPERS) is the largest single investor with $34.2 billion deployed in the asset class.
The report, based on the financials of 146 public pension funds with assets in excess of $1 billion to June 2012, also found that private equity continues to outperform all other asset classes over a 10-year...
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