Institution: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $278.4 billion
Allocation to alternatives: 21.6%
New York State Common Retirement Fund has approved over $1.4 billion-worth of commitments to private equity, according to the pension’s latest transaction report.
The commitments include $500 million to the Strategic Value Excelsior Fund; $250 million to GSO Capital Opportunities Fund IV and $125 million to its co-investment vehicle; $250 million to FP Credit Partners II; $210 million to New York Balanced Pool Asia Investors IV; $95 million to Providence Strategic Growth V (PSG V) and $15 million to NFX Capital Fund III.
The commitment to the Excelsior fund is a closed-end fund of one commitment made by the New York CRF. The fund is focused on investments in distressed and special situations across North America and Europe.
The $278.4 billion pension fund has a target allocation of 10 percent towards private equity, which currently stands at 10.6 percent. Illustrated below is the full investment portfolio and recent fund commitments.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments