New York State Teachers Retirement System, Albany, committed up to $75 million to GTCR Fund VII and up to $25 million to Olympus Growth Fund IV, said Dave Daly, spokesman. The $66 billion system also committed up to $100 million to Hines U.S. Office Value Added Fund. Funding will come from cash.
Separately, NYSTRS rehired REIT managers Cohen & Steers for a $300 million portfolio; Lend Lease Rosen, $152 million; and RREEF, $150 million. It also rehired Morgan Stanley for a $690 million international equity portfolio. No RFPs were issued.