From the UK

"Private Equity is eyeing up your pension fund, is there reason to be nervous?

https://championsukplc.com/insights/...-to-be-nervous

"target long term is to make sure around 5% of its portfolio invested in private equity."
" US public pension funds generated more than 12% annualised return from their private equity investments, net of fees, between 2010 and 2020."
"Hypothetically, there are advantages for everyone if UK pension schemes begin to invest in private markets and private equity. Pension schemes could potentially benefit from better returns, and the value creation generated could provide the UK economy and entrepreneurial industries with a lift. The only perceived downside is the slightly higher risk involved in a private equity investment."
https://championsukplc.com/insights/...-to-be-nervous