NYSCRF approves $418m in commitments

Institution: New York State Common Retirement Fund
Headquarters: Albany, United States
AUM: $216.3 billion
Allocation to alternatives: 19.6%

New York State Common Retirement System has confirmed $418.1 million-worth of private equity commitments to eight vehicles, according to the pension’s December 2020 monthly investment disclosure report.

The commitments comprise of $200 million to Hamilton Lane – New York Credit Co-Investment III, $100 million to 57 Stars Global Opportunity Fund (NYSCRF), $50 million to 57 Stars Global Opportunity Fund 5 Direct Impact, $20 million to Valor Equity Partners V, $15 million to Loyal Valley Capital Advantage Fund III, AUD 17.04 million ($13.1 million; €10.8 million) to Pemba Capital Partners Fund II, $10 million to DCP Capital Partners II and $10 million to Innovation Endeavors IV.

The $216.3 billion US public pension has a 10 percent target allocation to private equity that currently stands at 9.4 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the business services, technology, financial services, healthcare and manufacturing sectors within the Asia-Pacific, Europe, Middle East/Africa, Latin America and North America regions.

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