PSPRS maintains one of the nation’s most diversified public pension investment portfolios. Its portfolio structure and calculated use of alternative investments, such as private equity and private credit, is well-known and its results are respected by peer institutions, industry trade groups and financial media.
Peer pension plans, to various degrees, are also increasingly pursuing alternative strategies to help produce returns while minimizing the risk of investment losses that occur when public markets fluctuate.
While a record-setting net of fee return of 27.8 percent for the fiscal year ending June 30, 2021, was well-received, PSPRS investments outperform the plan’s assumed earnings rate (7.3 percent) over both short and long-term timeframes.
As a result of high investment returns and significant pension debt contributions from employers, the growth rate of PSPRS-managed assets exceeded those of all large U.S. pension plans in fiscal year 2021.
Additionally, PSPRS private equity performance for fiscal years 2019 and 2020 was among the top 10 of more than 170 public pensions, according to the American Investment Council, a private equity industry trade group.
More information about PSPRS investment strategy and portfolio allocation is available in a playlist on the PSPRS YouTube channel.
|1 Year||Annualized 3 Years||Annualized 5 Years||Annualized 7 Years||Annualized 10 Years|
|Performance PSPRS Trust||27.8||10.8||10.3||7.9||7.8|
|US Public Equity||43.7||18.7||17.6||13.3||13.4|
|International Public Equity||35.7||10.0||11.1||5.7||5.6|
|Buyouts & Venture Capital||53.2||22.1||18.4||16.4||16.0|
|Other private holding||10.1||10.1||15.1||17.5||16.1|