Institution: New York State Common Retirement Fund
Headquarters: Albany, United States
AUM: $225.90bn
Allocation to alternatives: 21.50%
Bitesize:Â $100-200m
New York State Common Retirement Fund has confirmed $1.24 billion-worth of commitments to five private equity vehicles, according to the pension’s March 2020 investment disclosure report.
The commitments comprise of $180 million to Clearlake Capital Partners VI, $500 million to Vista Credit Opportunities Partners III, $400 million to Blackstone Tactical Opportunities Fund III, $150 million to ITE Rail Card Fund and $10 million Pitango Growth Fund II.
The $225.90 billion US public pension has a 10.0 percent target allocation to private equity that currently stands at 9.40 percent.
As illustrated below, NYSCRF’s five commitments from its most recent round comprise of one fund each from the buyout, distressed, debt and growth strategies. Blackstone’s Tactical Opportunities III fund invests across several alternatives asset classes, including private equity, private debt and infrastructure.
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