Institution: New York State Common Retirement Fund
Headquarters: Albany, United States
Allocation to alternatives: 22.20%
New York State Common Retirement Fund has approved $868 million in commitments to seven private equity funds, according to the pension’s monthly report in February.
The commitments comprise of $268 million to EQT Infrastructure IV, $250 million to CVC Capital Partners Asia V, $150 million to TSSP Adjacent Opportunities Partners, $150 million to Hollis Park Value Fund, $20 million to Wavecrest Growth Partners I, $20 million to Contour Opportunity Fund II and $10 million to Armory Square Ventures II.
The $197.30 billion US public pension has a 10.0 percent target allocation to private equity which currently stands at 9.50 percent.
New York State Common Retirement Fund has made several commitments to private equity funds with a 2018 or 2019 vintage, which combined constitute $6.28 billion.
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