LP Tearsheet

NYSTRS confirms $490m in commitments

NYSTRS has backed three commingled funds and a co-investment separate account in its latest round of PE commitments.

By
Jesse Koppi
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Institution: New York State Teachers’ Retirement System
Headquarters: Albany, United States
AUM: $121.80bn
Allocation to alternatives: 16.25%
Bitesize: $50-100m

New York State Teachers’ Retirement System has agreed to $490 million worth of private equity commitments, according to the pension’s October Board meeting materials. The commitments comprise of $40 million to SKCP Catalyst Fund I, $100 million to Cortec Group Fund VII, $150 million to the third iteration of a HarbourVest-managed co-investment separate account and $200 million to Orion Energy Credit Opportunities Fund III.

The $121.80 billion US public pension has an 8.0 percent target allocation to private equity that currently stands at 7.50 percent.

As illustrated below, NYSTRS has made 14 commitments to 2019-vintage private equity vehicles, which combined constitute $1.63 billion.

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