The New York State Common Retirement Fund, Albany, committed a total of $95 million to three limited partnerships, confirmed H. Carl McCall, sole trustee to the pension fund. The $75 billion system committed $50 million to the TA/Advent VIII fund, which will make late-stage venture capital investments; $15 million to the Adirondack Communications II fund, which will invest in special situations in the media industry; and $30 million to Vestar Capital II, a special situations fund focusing on middle-market management buy-outs, recapitalizations and growth equity investments.
The investments will be funded from cash, said Mr. McCall.
