Top 50 pension investors in alternatives

Big into alternatives

Top 50 pension investors in alternatives ranked by total invested, in millions, as of Sept. 30.

RANKFUNDTOTAL ALTERNATIVE ASSETS% OF

TOTAL ASSETS

HEDGE FUNDS/

FUNDS OF

FUNDS

EQUITY

REAL

ESTATE

VENTURE CAPITALPRIVATE EQUITY
1California Public Employees$20,743 12.40%$834 $11,900 $1,689 $6,320
2California State Teachers$10,775 9.20%$5,375 $1,305 $4,095
3New York State Common$9,677 8.20%$3,186 $773 $5,718
4General Motors$9,392 10.80%$1,677 $4,940 $910 $1,865
5Washington State Board$9,337 22.60%$3,890 $876 $4,571
6Pa. State Employees$9,067 36.40%$4,800 $1,699 $747 $1,821
7Michigan Retirement$8,432 17.90%$359 $3,260 $1,000 $3,813
8Florida State Board$7,438 7.30%$4,005 $73 $3,360
9General Electric$7,045 16.00%$1,453 $2,885 $2,707
10Verizon$6,256 17.50%$1,343 $1,380 $1,026 $2,507
11Pa. School Employees$6,022 12.60%$2,584 $370 $3,068
12New York State Teachers$5,927 7.40%$4,351 $194 $1,382
13Ohio State Teachers$5,443 10.00%$23 $4,239 $395 $786
14Oregon Public Employees$5,391 11.90%$1,890 $250 $3,251
15Massachusetts PRIM$4,561 13.80%$1,311 $1,326 $524 $1,400
16Colorado Public Employees$4,533 15.40%$1,743 $694 $2,096
17IBM$4,464 10.80%$1,341 $66 $3,057
18Los Angeles Co. Employees$4,408 15.10%$2,959 $210 $1,239
19Virginia Retirement$4,348 10.90%$1,094 $1,535 $355 $1,364
20Lucent Technologies$3,974 12.70%$1,798 $1,007 $1,169
21Wisconsin Investment Board$3,551 5.50%$1,855 $156 $1,540
22Illinois Teachers$3,430 11.00%$2,594 $230 $606
23AT&T$3,132 17.90%$1,596 $311 $1,225
24Ohio Public Employees$3,017 5.00%$2,689 $46 $282
25Boeing$2,827 7.30%$823 $1,080 $89 $835
26BellSouth$2,795 19.10%$905 $537 $1,353
27Minnesota State Board$2,736 7.30%$798 $1,938
28Louisiana Teachers$2,644 22.00%$464 $40 $2,140
29Alabama Retirement$2,636 10.70%$1,575 $1,061
30Texas Teachers$2,552 3.00%$1,151 $345 $160 $896
31SBC Communications$2,518 9.00%$720 $541 $762 $495
32New York City Retirement$2,086 2.50%$1,148 $938
33San Francisco City & County$2,041 17.10%$959 $318 $764
34DuPont$1,943 13.00%$577 $20 $1,346
35Connecticut Retirement$1,936 9.70%$350 $114 $1,472
36Iowa Public Employees$1,894 10.90%$901 $218 $775
37World Bank$1,752 16.60%$802 $350 $38 $562
38DaimlerChrysler$1,737 9.10%$808 $85 $844
39Alaska Investment Board$1,700 14.10%$300 $977 $423
40Delta Air Lines$1,492 7.80%$200 $504 $788
41Teamsters, Western Conference$1,230 4.60%$1,230
42Episcopal Church$1,186 17.20%$413 $429 $222 $122
43National Electric$1,080 11.40%$997 $83
44Missouri State Employees$1,057 17.80%$866 $100 $91
45Utah State Retirement$1,025 6.90%$1,025
46Illinois State Board$971 9.70%$599 $112 $260
47Maryland State Retirement$935 3.10%$823 $40 $72
48Nevada Public Employees$930 5.80%$930
49United Parcel Service$897 8.60%$164 $453 $77 $203
50Kansas Public Employees$865 8.30%$398 $96 $371
TOTAL$55,044 11.80%$4,616 $94,286 $16,135 $77,074

Recommended for You
Retirement saving views diverge based on employment status – survey
Retirement saving views diverge based on employment status – survey
U.S. IPO volume falls precipitously
U.S. IPO volume falls precipitously
U.S. growth stocks underperform this year
U.S. growth stocks underperform this year

Reader Poll

June 6, 2022
SEE MORE POLLS >