The Arizona State Retirement System (ASRS) is seeing early signs of a recovery in the exit market, with the value of its portfolio of private equity investments increasing by 10.4% in the first quarter of 2023.

The ASRS’s private equity portfolio is valued at $36.4 billion, and it includes investments in over 700 companies. The portfolio has been under pressure in recent years, as the value of private equity investments has declined. However, the ASRS is optimistic that the market is starting to recover.

“We are encouraged by the early signs of recovery in the exit market,” said ASRS Chief Investment Officer Amil Jain. “We believe that the value of our private equity portfolio will continue to increase in the coming quarters.”

The ASRS’s exit market recovery is being driven by a number of factors, including:

  • The improving performance of the public markets, which is making it more attractive for companies to go public.
  • The increasing demand for private equity investments from institutional investors.
  • The growing number of mergers and acquisitions, which is providing opportunities for private equity firms to exit their investments.

The ASRS is well-positioned to benefit from the recovery in the exit market. The fund has a strong track record of investing in private equity, and it has a team of experienced investment professionals. The ASRS is also committed to investing for the long term, which gives it the flexibility to ride out market volatility.

The ASRS’s exit market recovery is good news for taxpayers in Arizona. The fund’s investments help to pay for the state’s pension obligations, and the recovery will mean that taxpayers will have to pay less in contributions to the fund.

The ASRS is optimistic that the exit market recovery will continue in the coming quarters. The fund is committed to investing in private equity for the long term, and it believes that the market will continue to grow in the years to come.

Here are some additional details about the ASRS’s exit market recovery:

  • The ASRS’s private equity portfolio has been under pressure in recent years, as the value of private equity investments has declined. However, the ASRS is optimistic that the market is starting to recover.
  • The ASRS’s exit market recovery is being driven by a number of factors, including the improving performance of the public markets, the increasing demand for private equity investments from institutional investors, and the growing number of mergers and acquisitions.
  • The ASRS is well-positioned to benefit from the recovery in the exit market. The fund has a strong track record of investing in private equity, and it has a team of experienced investment professionals. The ASRS is also committed to investing for the long term, which gives it the flexibility to ride out market volatility.
  • The ASRS’s exit market recovery is good news for taxpayers in Arizona. The fund’s investments help to pay for the state’s pension obligations, and the recovery will mean that taxpayers will have to pay less in contributions to the fund.
  • The ASRS is optimistic that the exit market recovery will continue in the coming quarters. The fund is committed to investing in private equity for the long term, and it believes that the market will continue to grow in the years to come.