U.S. public pension plans showed a continuing appetite for private equity funds in October, according to eVestment's latest Private Markets Monthly Monitor.
Twenty-six pension plans reported 69 private equity fund commitments totaling $3.6 billion in commitments to private equity funds, well above the 48 commitments totaling $2.4 billion reported in October 2019.
In September, plans reported 110 commitments totaling $12.7 billion.
As of Oct. 31, 113 U.S. public pension plans' actual allocations to private equity were below their targets, representing $32.4 billion in potential commitments, according to eVestment.
CalPERS disclosed the highest dollar amount in commitments in October. The $430.5 billion California Public Employees' Retirement System, Sacramento, had $4.7 billion in commitments.