SERS Named Second Highest Private Equity Earner
For the second year in a row, SERS has been named the second highest private equity earner according to a 2019 public pension study by the American Investment Council (AIC).
AIC, a private equity advocacy and research organization, analyzed investment returns for 165 U.S. public pension funds, showing how private equity continues to lead all asset classes in long-term investment performance.
SERS had the second highest 10-year annualized return with 13.30%. The median among all public pension funds included in the study was 10.2%.