New York State Common Retirement Fund, Albany, made $753.5 million in commitments, according to information posted on the website of state Comptroller Thomas DiNapoli, sole trustee of the $133.8 billion fund.
The pension fund committed $200 million to TPG Growth II, an international private equity fund. The pension fund “has been in earlier funds with TPG, but this is (our) first commitment to TPG Growth II,” Eric Sumberg, a spokesman for Mr. DiNapoli wrote in an e-mail.
The pension fund also made first-time commitments of $200 million each to ValueAct Capital Partners II and Cevian Capital II. Both commitments are part of the fund’s absolute-return strategies category.
“ValueAct and Cevian are part of the long-short equities portfolio,” Mr. Sumberg wrote. “They are activist managers.”
The pension fund also invested $153.5 million in a joint venture with MetLife Real Estate Investments for commercial real estate in Houston. “It is the fund’s first investment with MetLife in an office building,” Mr. Sumberg noted.
