The New York State Common Retirement Fund, Albany, made four private equity commitments totaling $60 million, according to a transaction report on the website of Comptroller Thomas DiNapoli, the sole trustee of the $209.1 billion fund.
The pension fund committed $20 million each to Tribeca Growth Fund, which targets "growth stage and technology-enabled companies primarily in New York" and is managed by Tribeca Venture Partners, and NexPhase Capital Fund III, a lower middle-market growth buyout fund, according to the transaction report.
It also committed $10 million each to NFX Capital Fund I, which will invest in seed and early-stage technology ventures in Israel and the U.S., Tene Growth Capital IV, managed by Tene Investment Funds, which will invest in "mature Israeli industrial technology companies with significant revenues from global markets," the report said.
The four commitments were made between November and January. Both the NFX and Tene commitments were made through the New York State Common Retirement Fund - Hamilton Lane Israel Fund.
NFX and NexPhase are new relationships for the pension fund. It has invested with Tribeca and Tene previously.
Matthew Sweeney, a spokesman for Mr. DiNapoli, did not respond to questions by press time.