New York State Common Retirement Fund, Albany, will vote to support Computer Associates International Chairman Charles Wang and the companys board of directors, said H. Carl McCall, state comptroller. In June, Texas investor Sam Wylys Ranger Governance started a proxy battle to take control of Computer Associates. The $112 billion system owns about 1.5 million shares in the company, according to Thomson Financial Securities data. The vote is set for Wednesday.
Separately, the common fund committed $300 million each to the Warburg Pincus Private Equity Fund VIII and the Mohawk River Fund III, according to a news release. The system also committed $75 million to Blum Capital Partners Fund II, $50 million to the Oaktree Principal Opportunities Fund II and $25 million to the Fairview Capital III private equity fund.
System officials could not be reached for details by press time. However, in July 2000, Paula Chester, director of the private equity program, said the fund expected to invest between $1.2 billion and $1.5 billion per year in private equity through 2005.