Most pension plans are overallocated to private equity

Out of 298 pension funds analyzed by S&P Global Market Intelligence, 174 were overallocated to private equity at the end of the first quarter.

Narrowing it down to U.S. public pension plans with the largest dollar amounts allocated above their private equity targets, they were 116% to 142% higher.

Conversely, data on the U.S. public pension plans with the largest dollar amounts underinvested in private equity shows they were at 59% to 97% of their targets. The New Jersey Division of Investment was at the low end, and New York State Common Retirement Fund stood at 97% of its targeted private equity allocation.

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