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Pension Funds Want Into Private Equity
InvestorPlace
Aug. 10, 2020 "Government pension funds have found a new way to profit in private equity.... So says private equity. The American Investment Council is out with a study ... [which] lists 10 large, mostly state-sponsored pension plans it says have gotten returns averaging 16% from investing in private equity deals. The Michigan retirement system, it says, got returns of 15.4%. The one in Illinois got returns of 16.7%. Compare that with government bonds that now yield less than 1% and it's easy to see the attraction." |
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