NYSCRF allocates over $1bn in commitments

The US public pension has allocated over $1bn by backing five private equity funds.

Institution: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $268.3 billion
Allocation to alternatives: 27.2%

New York State Common Retirement Fund has approved more than $1 billion-worth of capital across five private equity vehicles, according to pension’s latest allocation report.

The compiled commitments include $400 million to KKR North America Fund XIII, $200 million to Carlyle Aviation Leasing Fund, $200 million to Roark Capital Partners VI, $200 million to Brightwood Capital Fund V and $20 million to Motive Capital Fund II.

The commitment to Roark Capital Group marks a new fund manager relationship for New York CRF. Launched in January, Roark Capital Partners VI is currently fundraising towards a $5 billion target size. The sixth fund will target investments in the business services, restaurants, health and wellness sectors primarily based in North America.

The $263.8 billion pension has a target size of 10 percent for private equity allocation, which currently stands at 11.2 percent. Illustrated below are the recent fund commitments made by the CRF.

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