New York State Common Retirement Fund, Albany, committed more than $1 billion in August to its private equity, hedge funds and real estate portfolios, confirmed Eric Sumberg, spokesman for the $147 billion retirement fund.
Hedge fund mandates received $380 million from the fund: $105 million in add-on funding to D.E. Shaw Oculus International Fund; $100 million in new funding to AG Super Fund LP; $70 million in add-on funding to Brigade Leveraged Capital Structure Fund; $55 million in add-on funding to Brevan Howard Fund Ltd.; and $50 million in add-on funding to COMAC Global Macro Fund.
The state system made a combined $375 million in private equity commitments, sending $300 million to Vista Equity Partners Fund IV, an existing manager, and $75 million to Patria-Brazilian Private Equity Fund IV, a new manager for the fund.
In real estate, the fund committed a combined $308 million. Simpson Housing, a real estate company that owns core multifamily properties and develops apartment buildings in major U.S. markets, received $300 million, the first from the fund. The fund also committed $5 million to an affordable housing unit in Saratoga Springs, N.Y., and $3 million toward an affordable housing unit in Poughkeepsie, N.Y.