Institution: New York State Common Retirement Fund
Headquarters: Albany, United States
Allocation to alternatives: 18.70%
New York State Common Retirement Fund has approved commitments of $225 million to Searchlight Capital III and $185 million to Warburg Pincus China-Southeast Asia II, according to the pension’s latest monthly report.
The $210.20 billion US public pension has a 10.0 percent target allocation to private equity which currently stands at 9.10 percent.
As illustrated below, New York State Common Retirement Fund has made ten commitments to private equity funds with a 2019 vintage, which combined constitute $1.73 billion.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.