The New York State Common Retirement Fund, Albany, hired Genesis Investment Management to manage $200 million in emerging markets equities, according to a posting on the website of state Comptroller Thomas DiNapoli, sole trustee of the $140.3 billion pension fund.
The pension fund also made a $200 million commitment to private equity Green Equity Investors VI, managed by Leonard Green & Partners, according to the posting.
The state retirement fund has invested in two prior Green funds, for a total commitment of about $400 million, Eric Sumberg, a spokesman for Mr. DiNapoli, wrote in an e-mail.
“Green Equity focuses on midmarket companies active in retail and consumer goods in North America,” Mr. Sumberg wrote.
The pension fund also made several other new private equity commitments, all with an emerging manager, according to Mr. Sumberg:
- $15 million to Actera Partners II, which focuses on investments in Turkey and is managed by Actera Group;
- $15 million to Brightwood Capital SBIC I, which specializes in debt investing in small and midsize U.S. companies; and
- $10 million to Monroe Capital Partners, which makes investments in midmarket U.S. and Canadian companies.