Retirement Funds Bet Bigger on PE - WSJ

January 10, 2022

Citing performance data from Burgiss, Heather Gillers of the Wall Street Journal highlights continued interest in and growth of private equity by government retirement funds, including LA County ERA, CALSTRS, and CalPERS. An excerpt:

“But as the field has grown more crowded, the advantage over a low-maintenance stock portfolio has dwindled. For the three decades ended June 30, the Burgiss index, not including venture capital, yielded close to 14%, 3 percentage points more than the S&P 500. But its yield over the past 10 years was the same as the S&P 500, 14.8%.“

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