NYSCRF approves $297m in commitments

The US public pension has backed four private equity funds.

Institution: New York State Common Retirement System
Headquarters: Albany, US
AUM: $216.30 billion
Allocation to alternatives: 19.0%

New York State Common Retirement System has confirmed $297 million-worth of private equity commitments to four vehicles, published in pension’s September 2020 monthly investment disclosure report.

The commitments comprise of £150 million ($194 million; €166 million) Bridgepoint Development Capital IV, £37.5 million Wigmore Street/Bridgepoint Development Capital IV Co-Investment, $30 million to PVP Fund III and $24 million to Long Ridge Equity Partners III.

The $216.30 billion US public pension has a 10.0 percent target allocation to private equity that currently stands at 9.40 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the technology, financial services and healthcare sectors within the Europe and North America regions.

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