New York State Teachers approves $375m in commitments

The US public pension has backed three North America-focused funds.

New York State Teachers’ Retirement System has approved a $150 million commitment each to GTCR Fund XII and Clearlake Capital V and a $75 million commitment to NMS Fund III.

The $108 billion US public pension has an 8 percent target allocation to private equity that currently stands at 7.6 percent.

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