New York State Common Retirement Fund, Albany, committed a total of $446.3 million to money managers in December, according to a monthly report from State Comptroller Thomas P. DiNapoli, sole trustee of the $126 billion fund.
The retirement fund made four private equity commitments: $25 million to Bunker Hill Capital II and $30 million to the Relativity Fund. Both commitments are through the Pioneer Partnership Fund, part of the state fund’s emerging manager program. The Common Retirement Fund also made follow-on commitments to SAIF Partners IV and Clearlake Capital Partners II, of $100 million and $5 million, respectively. The Clearlake transaction also was through the emerging manager program.
Also in December, the Common Retirement Fund committed $125 million to Pennant Windward Fund, an equity long-short fund, and $100 million to the Invesco Mortgage Feeder Funds. It also made a $50 million follow-on commitment to the Oaktree PPIP Private Fund.
The retirement fund also made three transactions in its real estate portfolio totaling $11.3 million for affordable housing projects in Buffalo, N.Y.; Lysander, N.Y.; and Ithaca, N.Y.