Private equity: Not just for the rich

If you think private equity is only for the wealthy, get ready for a big surprise.

As private equity funds have proliferated, state pension funds have been funneling more and more money into these investments.

Several critics have argued that the buyout frenzy only benefits the top dealmakers of the private equity chain. But the industry's lobbying group claims private equity benefits millions - by virtue of its investor base.

Chances are if you're a public employee, your retirement fund is invested in private equity. Take a look at how some of the nation's largest pension funds invest in private equity.