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NYSTRS confirms $375m in Q4 2020 commitments

The US public pension has confirmed its final private equity commitments signed off in 2020.

Institution: New York State Teachers’ Retirement System
Headquarters: Albany, US
AUM: $118.76 billion
Allocation to alternatives: 24.6%

New York State Teachers’ Retirement System approved $375 million-worth of private equity commitments in Q4 2020, according to materials from the pension’s January 2021 board meeting.

The commitments comprised $200 million to GTCR Fund XIII, $100 million to NMS Fund IV and $75 million to Mill Point Capital Partners II.

NYSTRS also hired StepStone Group as its new private equity and private debt investment consultant at the meeting. The firm’s tenure will begin on 1 February 2021 and last for one year initially.

As of 30 June 2020, the most recently released public data, NYSTRS has an 8 percent actual and target allocation to private equity.

As illustrated below, NYSTRS’ recent private equity commitments have tended to target North America-focused buyout funds.

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