The Public Employee Retirement System of Idaho (PERSI) committed to five buyout new funds in Q3 2011, according to its alternative investment report. Net IRR of its whole private equity portfolio stood at 6.74% as of September 30 2011.
Total capital committed reached $1.95 billion. Of this, $1.54 billion has been drawn down and this has generated total distributions of $920 million. Total value of holdings as of 31 September 2011 stood at $957 million.
Of these total figures, $1.69 billion was committed from active funds; $204.5 million from the fund’s legacy portfolio and $62.8 million from its liquidated portfolio. Legacy partnerships include partnerships over 10 years old with less than $5 million in market value and which are close to liquidation. Liquidated Partnerships include FCI Enclosures Partners II, OCM/GFI Power Opportunities Fund, Saugatuck Capital Company III, and Thomas H. Lee Equity Fund IV.
The fund generated distributions of $574.8 million from its active portfolio; $277.6 million from its legacy portfolio and $67.5 million from its liquidated investments.
Prominent global private equity funds in the portfolio include offerings from Apollo, Blackstone, KKR and TPG. European funds include vehicles from Bridgepoint and CVC. And there are also a handful of venture funds such as EPIC Venture Fund IV, LLC, Frazier Technology Ventures II, L.P, Galen Partners III, IV and V, L.P and Zesiger Capital Group.
PERSI manages approximately $12.0 billion in assets, providing retirement and disability benefits to nearly 128,000 members and beneficiaries.
Scroll down to see who the newest beneficiaries (in ascending order) of Idaho funds are to date.
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