New York State Common Retirement Fund related stories
All articles and analysis
New York Common Taps Two Europe-Based FundsThe New York State Common Retirement Fund, which oversees $159 billion in assets, committed just under $350 million to a pair of Europe-based private equity funds in July, according to Eric Sumberg, spokesman for Thomas DiNapoli, the New York State Comptroller and sole fiduciary of the state’s biggest pension. The pension had $13.8 billion invested in private equity, about 8.6 percent of its assets, as of March 31. That is slightly below the pension’s 10 percent private equity target.
- LP Scorecard: Get Your Fresh Performance Data Here
Want to find out the latest private equity return data from the most prominent US state pension funds? Buyouts has been compiling a database of the most recent state pension fund private equity return data that is available. The database currently comprises private equity fund performance and information from some 28 pension funds, including more than 1,500 2007 vintage and older funds with more than 500 domestic buyout funds and more than 400 domestic venture capital funds in that dataset. Most of the data are as of Dec. 31, 2012.
- N.Y. Pensions Aim To Grow PE Staffs
Two of the Empire State’s biggest pension systems, the $160 billion New York State Common Retirement Fund and the $95 billion New York State Teachers Retirement System, have laid out goals to expand their in-house private equity teams.
Jobs of the Week: Lucky DipThis week peHUB has selected a handful of job opportunities that have jumped out as not to be missed. Scroll down below to find out what’s on the job board this week.
- Friday Letter: Ban the politicians
The way to avoid any future ‘pay-to-play’ scandals is not to ban placement agents, as some public officials have called for, but rather to ban the politicians themselves from the investment process.
- Friday Letter The trouble with New York
Carlyle’s $20m settlement with New York’s attorney general prevents the potential for litigation against the firm and preserves its relationship with a major LP. But there are some troubling implications for the private placement industry.
- San Francisco Pension Taps New PE Chief
The San Francisco Employees’ Retirement System, which oversees $16 billion in pension assets, named Art Wang as its new managing director of private markets to oversee investments in private equity, real estate and real assets.
- Big Vacancies Filled, Pension Exodus Is Over... For Now
With the appointment this month of Michael Bailey as chief of private equity at the $51 billion Massachusetts Pension Reserves Investment Management Board, most of the top-level vacancies for CIOs and private equity officers at the nation’s biggest pension funds have been filled. How long they’ll stay filled is the big question.
- Biggest U.S. Pensions May Bump Up Commitments In 2013
Expect to see a modest bump-up in money committed by the nation’s largest public pension funds this year, according to experts, because of a strengthening stock market, a healthy pace of distributions and the persistence of large unfunded pension liabilities.