New York State Teachers' Retirement System, Albany, authorized up to $475 million in new private equity commitments: up to $150 million each to Abbott Select Buyouts Fund and Lexington Middle Market Investors; up to $50 million each to Parish Capital I, Silver Lake Partners II and Capri Select Income II; and up to $25 million to Kelso Investment Associates VII. Funding will come from cash.
Additionally, the $79 billion system authorized establishing an internally managed domestic enhanced indexed portfolio of up to $1 billion, to be known as the S&P 1500 composite. The portfolio will be funded from the system's internally managed domestic passive S&P 1500 portfolio, reducing it to $33 billion.
