Institution: New York State Teachers’ Retirement System
Headquarters: Albany, US
AUM: $119.9 billion
Allocation to alternatives: 24.2%
The retirement system agreed to invest up to $200 million to TCV XI, a venture and growth equity fund that invests in the TMT sector. The vehicle is targeting $3.25 billion and will focus specifically on enterprise IT, internet and software services.
The $119.9 billion pension’s private equity asset class sits at 7.4 percent.
As illustrated below, NYSTRS makes investments between $100 million and $300 million to private equity funds.
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