NP
LP profile
Nevada Public Employees Retirement System
Pension fund · Founded 1947 · Carson City, United States
97
VC firms backed
$53B
AUM
~$1.1B
Allocated to VC (est. 2%)
01 · Background
Who Nevada Public Employees Retirement System is.
- Historical Background
- The Nevada Public Employees' Retirement System (NVPERS) was established in 1947 by the Nevada Legislature through the Public Employees' Retirement Act. The system was created as an independent public agency to provide a stable retirement income for public employees.
- Source of Capital
- The system is funded through contributions from both public employees, via paycheck withholdings, and their employers. These contributions are invested to finance retirement, disability, and survivor benefits for members.
- Major Events
- In November 2023, the retirement system's board approved an increase in contribution rates for all members, which became effective in July 2024. The system was involved in a Nevada Supreme Court case concerning the public disclosure of its employees' and retirees' names and benefit information.
- Allocation Strategy
- The investment strategy is centered on a diversified portfolio with a significant allocation to publicly traded equities. As of the end of 2020, the asset allocation was approximately 44.8% in U.S. stocks, 20.1% in international stocks, 23.8% in bonds, 6.3% in private equity, and 4.5% in private real estate. The primary investment objective is to achieve a long-term return of 7.5%, which is 4.75% above the rate of inflation as measured by the Consumer Price Index (CPI).
02 · Fund commitments
The funds Nevada Public Employees Retirement System backs.
Nevada Public Employees Retirement System is a limited partner in 97 funds. 20 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Y Combinator
#1 Power Law
New Enterprise Associates
#8 Power Law
General Catalyst
#13 Power Law
Bessemer Venture Partners
#17 Power Law
Insight Partners
#23 Power Law
Spark Capital
#51 Power Law
Battery Ventures
#54 Power Law
HV Capital
#62 Power Law
TCV
#67 Power Law
Menlo Ventures
#75 Power Law
IVP
#84 Power Law
Canaan
#103 Power Law
ICONIQ Capital
#130 Power Law
Alchemy Partners
BC Partners
Candover Partners
Carlyle Cardinal Ireland - CCI
Chequers Capital
CVC Capital Partners
Deutsche Beteiligungs
Exponent Private Equity
Hellman & Friedman
Inflexion
Mayfair Equity Partners
03 · Allocation
How Nevada Public Employees Retirement System’s fund book is spread.
The 97 funds Nevada Public Employees Retirement System backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 8082%
- Europe 1718%
United States 79 · United Kingdom 11 · Germany 2 · Canada 1
How established those managers are
Managers grouped by how many funds they have raised — across the 77 of 97 with a fund history on record.
Emerging funds · 28
Established funds · 49
14
1
6
2
8
3
6
4
8
5-6
14
7-9
10
10-14
11
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Nevada Public Employees Retirement System by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
University of California Board of Regents
$152B AUM
69 VC funds backed
🇺🇸
Operating Engineers Trust Fund of Washington D.C. and Vicinity
$1.5B AUM
52 VC funds backed
🇺🇸
The Pension Benefit Guaranty Corporation (PBGC)
$123B AUM
105 VC funds backed
🇺🇸
Lucent Technologies Master Pension Trust
$13B AUM
52 VC funds backed
🇺🇸
Bell Atlantic Master Trust
$8.0B AUM
55 VC funds backed
🇺🇸
MGB Erisa Master Trust
$3.8B AUM
46 VC funds backed
🇺🇸
LACERA
$73B AUM
131 VC funds backed
🇺🇸
Orange County Employees' Retirement System
$23B AUM
96 VC funds backed