New York Common Launches Emerging Manager Co-Investment Fund

Pension: New York State Common Retirement Fund

Total Assets Managed: $150.1 Billion (Sept. 30, 2012)

Private Equity Assets Managed: $14.1 Billion

Private Equity Allocation / Target: 9.4% / 10%

Chief Investment Officer: Vicki Fuller

The $150 billion New York State Common Retirement Fund, one of the nation’s biggest emerging manager investors, has created a special $250 million separate account for private equity co-investments alongside such managers, according to a senior official at the fund.

The separate account, which will be managed by New York-based Farol Asset Management, has been seeded with an initial $126.3 million. The fund is expected to receive the balance after the initial three-year investment period. Altogether, the New York Common ...

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