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NYSTRS’ private equity portfolio outperforms benchmark by 140 basis points annually over 10 years

The New York State Teachers' Retirement System's private equity portfolio posted 10-year annualized returns of 13.8% through March 31, 140 basis points higher than its benchmark (S&P 500 plus 5%) over the same period. The fund had $7.8 billion invested in the asset class as of March 31, up $200 million from the prior quarter.

According to NYSTRS, the private equity program generated a net internal rate of return of 11.63% from its inception through Dec. 31, 2013.