NYS Common pledges $1.14 bln to 6 funds; tech, co-invests notable

New York State Comptroller, Thomas DiNapoli, New York State Common Retirement Fund, private equity, pension fund
New York State Comptroller Thomas DiNapoli. Photo courtesy of NYS Common.
  • AUM: $207.4 bln
  • Target allocation to PE/Growth Opportunities: 10 pct
  • Actual allocation to PE/Growth Opportunities: 7.6 pct
  • PE strategy: System increasing target allocation to 10 pct; doubled co-investments to 22
  • Whom to contact for a meeting: Jennifer Freeman ([email protected])
  • Why this is important: NYS Common’s June PE commitments are largest of any month this year, show growing interest in specialized tech funds.
New York State Common Retirement Fund, the third largest pension in the U.S., committed $1.14 billion to private equity funds, with Europe, specialized tech and co-investments featuring prominently. The $207.4 billion retirement system signed off on six commitments, said Thomas ...

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