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.
PSPRS
investments were able to achieve an 11.14 percent net of fee return during the
fiscal year ending June 30, 2025, due to strong performance of domestic and
international public equities. The returns on investment generated $2.4 billion
of value for PSPRS-managed plans.
The
PSPRS trust portfolio remains well-positioned for the future as staff continues
to take a cautious approach to investing. The PSPRS trust held more than $24.2
billion as of June 30, 2025.
More
information about PSPRS investment strategy and portfolio allocation is
available in a playlist on the PSPRS YouTube channel.
Click legend to hide/unhide data series
| Source Account Name | 1 Year | Annualized 3 Years | Annualized 5 Years | Annualized 7 Years | Annualized 10 Years |
| Performance PSPRS Trust | 11.1 | 9.7 | 10.5 | 8.2 | 7.7 |
| System Benchmark | 9.2 | 13.5 | 11.1 | 9.2 | 8.5 |
| US Public Equity | 14.7 | 18.8 | 16.0 | 13.6 | 12.7 |
| International Public Equity | 18.4 | 14.3 | 10.3 | 7.0 | 6.4 |
| Buyouts & Venture Capital | 9.8 | 2.1 | 13.4 | 10.4 | 10.9 |
| Real Estate | 5.5 | 4.0 | 8.5 | 5.2 | 4.0 |
| Real Assets | 3.0 | 7.6 | 12.6 | 6.8 | 6.3 |
| Core Bonds | 4.4 | 2.8 | 0.6 | 2.2 | 2.0 |
| Private Lending | 10.3 | 9.1 | 8.9 | 8.5 | 8.6 |
| Special Credit | 8.6 | 6.0 | 8.7 | 7.8 | 8.5 |
| Other Public Holding | 7.9 | 8.2 | ‐ | ‐ | ‐ |
| Diversifying Strategies | 14.3 | 7.2 | 7.0 | 5.6 | 4.8 |
| PSPRS Cash | 4.9 | 5.0 | 3.1 | 3.0 | 2.8 |