New York State Common Retirement Fund, Albany, made eight alternative investment commitments totaling up to $1.7 billion in April, according to a report by Pensions & Investments citing a post on the website of state comptroller ,and the sole trustee of the $242.3 billion pension fund, Thomas P DiNapoli.
New York State Common Retirement Fund, Albany, made eight alternative investment commitments totaling up to $1.7 billion in April, according to a report by Pensions & Investments citing a post on the website of state comptroller ,and the sole trustee of the $242.3 billion pension fund, Thomas P DiNapoli.
Credit funds took the lion’s share of the new commitments with $350 million going to LCM Partners CO IX, a separately managed account run by LCM Capital that invests in unsecured loans, credit cards, mortgages, asset finance and auto loans; €250 million to Blantyre Special Situations Fund III, a private debt fund that targets “stressed and distressed corporate financing opportunities, non-distressed companies requiring complex capital structure solutions” primarily in Europe; and €250 million to Madison Square Fund III, a fund-of-one co-investment vehicle for Blantyre Special Situations Fund III.
The fund also made two real assets commitments: $300 million to Brookfield Infrastructure Fund V; and $200 million to Northleaf Infrastructure Capital Partners IV, plus a private equity commitment of $250 million to buyout fund Genstar Capital Partners XI.
