MassPRIM ranked highest among U.S. public pension funds in terms of private equity returns over the last 10 years, according to an analysis by the Private Equity Growth Capital Council.
The report, released Thursday, said through fiscal year 2014, MassPRIM had an annualized return of 17.93% over the past 10 years. The Teacher Retirement System of Texas was second (17.8%), followed by the Minnesota State Board of Investments (16.2%).
The PEGCC report summarized allocation and performance data on 155 U.S. public pension funds and found the median private equity return over the 10-year period was 12.1%.
CalPERS ranked first in terms of overall dollars invested in private equity ($31.5 billion), followed by CalSTRS ($21.8 billion) and Teacher Retirement System of Texas ($17.9 billion).