Institution: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $254.80 billion
Allocation to alternatives: 26%
New York State Common Retirement Fund has approved $770 million-worth of commitments to two private equity vehicles, according to the pension’s latest monthly transaction report.
The commitment to Charger Investment Partners is made from the pension’s Emerging Manager Program. The inaugural fund is currently in market seeking $450 million in capital commitments for investments within North American mid-market companies operating in manufacturing, consumer goods, hospitality and business services.
The $254.8 billion US pension has a 10 percent target allocation to private equity that currently stands at 10 percent.
As illustrated below, NYSCRF’s recent fund commitments have targeted private equity vehicles with well-diversified strategies, regions and sectors.
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