New York State Teachers commits up to $350 million to private equity

New York State Teachers’ Retirement System, Albany, made three new private equity commitments totaling up to $350 million, according to a summary of the pension fund’s upcoming Thursday board meeting.

The $109.2 billion pension fund committed up to $200 million to Silver Lake Partners V, a buyout fund. The pension fund previously committed up to $200 million to Silver Lake Partners IV in 2012.

The pension fund also committed up to $75 million each to One Rock Capital Partners II, a buyout fund, and Valor Equity Partners Fund IV, a growth-focused fund.

As of March 31, the pension fund’s private equity portfolio had $19.4 billion in active commitments, about $7.8 billion in market value and $5.1 billion in unfunded commitments; it had 220 active partnerships across 91 private equity and venture capital managers, according to the summary.

John Cardillo, pension fund spokesman, could not be immediately reached to provide further information.