Institution: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $247.7 billion
Allocation to alternatives: 22.6%
New York State Common Retirement Fund has confirmed $468.5 million-worth of commitments to four private equity vehicles, according to the pension’s February 2021 monthly transaction report.
The commitments comprised $200 million to FIMI Opportunity VII, €200 million to Blantyre Special Situations Fund II, $24 million to New Harbor Capital Fund III and $10 million to JVP Growth Opportunity X. New Harbor Capital has been backed as a part of NYSCRF’s emerging manager programme.
The $247.7 billion US pension fund has a 10 percent target allocation to private equity that currently stands at 11.2 percent.
As illustrated below, NYSCRF’s recent private equity commitments have targeted vehicles focused on a variety of strategies, regions and sectors.
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