{"id":11095,"date":"2015-10-30T19:18:02","date_gmt":"2015-10-31T00:18:02","guid":{"rendered":"http:\/\/www.cambridgeassociates.com\/insight\/private-investments-filling-a-pensions-return-void\/"},"modified":"2025-11-28T10:28:07","modified_gmt":"2025-11-28T15:28:07","slug":"private-investments-filling-a-pensions-return-void","status":"publish","type":"post","link":"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/private-investments-filling-a-pensions-return-void\/","title":{"rendered":"Private Investments: Filling a Pension\u2019s Return Void"},"content":{"rendered":"<p>In this research note, we explore how pension funds may benefit from private investments, discuss key considerations, and develop a framework for successful implementation.<\/p>\n<ul>\n<li>Private investments offer pension funds the opportunity to significantly increase returns when implemented well, capture some diversification benefits, access a more complete opportunity set, and improve funding levels. For example, if private investments can beat public equities by 300 bps per year (as commonly targeted), then shifting 15% of assets from public equities to private investments would boost a pension fund\u2019s total portfolio return by 45 bps per year.<\/li>\n<li>Particularly for higher-returning private investment strategies, the dispersion between manager returns is significant, underscoring the importance of selection.<\/li>\n<li>Illiquidity, complexity, transparency, and fees are important but surmountable considerations.<\/li>\n<li>Extracting value from private investments requires skill in all stages of the investment process and an experienced and well-resourced team of private investment professionals.<\/li>\n<\/ul>\n<p>Click <a href=\"http:\/\/www.cambridgeassociates.com\/wp-content\/uploads\/2022\/03\/CA-Private-Investments-Filling-a-Pensions-Return-Void.pdf\" target=\"_blank\" rel=\"noopener\">here<\/a> to view the full article in PDF format.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well-diligenced private investments in a skillfully constructed portfolio are important growth drivers that have helped pension funds deliver superior performance and increased the probability of meeting or exceeding long-term required returns.<\/p>\n","protected":false},"author":26,"featured_media":8826,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","footnotes":""},"categories":[143,150],"class_list":["post-11095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement-insurance-government-en-eu","category-private-investments-en-eu","topics-pe-vc-en-eu"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Private Investments: Filling a Pension\u2019s Return Void - Cambridge Associates<\/title>\n<meta name=\"description\" content=\"Private investments can potentially boost pension fund returns by 300+ basis points annually. Learn key strategies for implementation and manager selection.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cambridgeassociates.com\/en-eu\/wp-json\/wp\/v2\/posts\/11095\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private Investments: Filling a Pension\u2019s Return Void - Cambridge Associates\" \/>\n<meta property=\"og:description\" content=\"Private investments can potentially boost pension fund returns by 300+ basis points annually. Learn key strategies for implementation and manager selection.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/private-investments-filling-a-pensions-return-void\/\" \/>\n<meta property=\"og:site_name\" content=\"Cambridge Associates\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-31T00:18:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-28T15:28:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cambridgeassociates.com\/wp-content\/uploads\/2014\/07\/AdobeStock_232135902.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michelle Phan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/private-investments-filling-a-pensions-return-void\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/private-investments-filling-a-pensions-return-void\/\"},\"author\":{\"name\":\"Michelle Phan\",\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/#\/schema\/person\/9ff9b39353d9737a2f3b2ab0529820ea\"},\"headline\":\"Private Investments: Filling a Pension\u2019s Return Void\",\"datePublished\":\"2015-10-31T00:18:02+00:00\",\"dateModified\":\"2025-11-28T15:28:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/private-investments-filling-a-pensions-return-void\/\"},\"wordCount\":161,\"publisher\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/private-investments-filling-a-pensions-return-void\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cambridgeassociates.com\/wp-content\/uploads\/2014\/07\/AdobeStock_232135902.jpeg\",\"keywords\":[\"PE\/VC\",\"PE\/VC\",\"Portfolio Strategy\",\"Portfolio Strategy\"],\"articleSection\":[\"Retirement, Insurance &amp; Government\",\"Private Investments\"],\"inLanguage\":\"en-EU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/private-investments-filling-a-pensions-return-void\/\",\"url\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/private-investments-filling-a-pensions-return-void\/\",\"name\":\"Private Investments: Filling a Pension\u2019s Return Void - Cambridge Associates\",\"isPartOf\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/private-investments-filling-a-pensions-return-void\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/private-investments-filling-a-pensions-return-void\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cambridgeassociates.com\/wp-content\/uploads\/2014\/07\/AdobeStock_232135902.jpeg\",\"datePublished\":\"2015-10-31T00:18:02+00:00\",\"dateModified\":\"2025-11-28T15:28:07+00:00\",\"description\":\"Private investments can potentially boost pension fund returns by 300+ basis points annually. 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