N.Y. State Teachers makes several commitments

New York State Teachers’ Retirement System, Albany, committed €100 million ($146 million) to CVC European Equity Partners V; up to $100 million each to Lehman Brothers Real Estate Mezzanine Partners II and the CS/NYSTRS Cleantech Fund, a private equity co-investment with Credit Suisse; $75 million to Carbon Capital Fund III, managed by BlackRock; €50 million to Perella Weinberg Real Estate fund; and $50 million each to Cerberus Institutional Real Estate Partners Series Two and PLA Residential Fund III, managed by Prudential. Funding for all commitments came from cash, and no managers were terminated, said John Cardillo, spokesman for the $103.6 billion fund. The commitments were first reported late Wednesday on Pensions & Investments’ website, pionline.com.