The $43 billion Iowa Public Employees’ Retirement System (IPERS) reported that private equity (buyouts and venture capital) was the top-performing asset class with an annual return of 68.3% for the fiscal year ending June 30.
IPERS CEO Greg Samorajski (provided)
IPERS does not attempt to formally compute excess return for its private investment classes in the computation of its Policy Benchmark, but the 29.6% net return for the overall portfolio equaled $9 billion and outpaced the system’s benchmark by 0.8%. The performance was the second highest fiscal year annual return in the . . .
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