New York State Common Retirement Fund, Albany, invested $5 million in American Fiber Systems Inc., a Rochester, N.Y., company that provides fiber optic network products and broadband Internet service, confirmed John Chartier, spokesman for New York state Comptroller Alan Hevesi, sole trustee of the fund.
The $140 billion fund made the investment through its private equity consultant, Hamilton Lane Advisors, which invested a total of $18.2 million into the company.
Since 1999, the fund has committed $425 million through 15 private equity managers to New York businesses.
