xD I don’t know either but I did my best to make you whole on needless downvoting. But yes, pension funds do invest in private companies in a few ways. Some of

xD I don’t know either but I did my best to make you whole on needless downvoting. But yes, pension funds do invest in private companies in a few ways. Some of it is relatively recent. They absolutely will invest during the “road show” of pre-ipo companies, but I’ve also seen numbers like up to 20% of vc funds coming from public pension funds [1]. It’s actually kinda a great idea imo, they’re definitely not betting the farm on these companies, and it’s a great way to get further diversification on an asset class that probably moves differently from other asset classes. They’ve also branched into things like real estate trusts, another kind of diversification that moves off-cycle from other asset classes. [1] https://www.quora.com/Whats-the-relationship-between-pension-funds-and-venture-capital https://www.quora.com/Whats-the-relationship-between-pension...