New York State Common Retirement Fund, Albany, in August invested a total of $145 million in international equity, private equity and absolute-return strategies, confirmed Eric Sumberg, a spokesman for State Comptroller Thomas DiNapoli, the sole trustee of the $146.5 billion state pension fund.
The pension fund committed $15 million to private equity fund Baring Vostok V, which invests in “middle-market buyout opportunities primarily in Russia,” Mr. Sumberg wrote in an e-mail.
The pension fund invested an additional $40 million in the Summer Street NYS Fund III, which, Mr. Sumberg wrote, invests in small and midmarket growth and buyout opportunities solely in New York State.
The pension fund also made an additional commitment of $10 million to Summer Street Fund III which Mr. Sumberg described as investing in “small and midmarket growth and buyout opportunities.”
The pension fund previously invested $56 million with Summer Street Capital Partners funds.
An additional $50 million was committed to Caspian Select Credit Fund, which Mr. Sumberg described as credit hedge fund manager. The pension fund previously had invested about $250 million with Caspian, he wrote.
Also, an additional $30 million was invested in Genesis Investment Management's emerging markets equity strategy. The pension fund had invested $520 million with Genesis, Mr. Sumberg wrote.