Skip to main content
MENU
Subscribe
  • Login
  • My Account
  • Logout
  • Register For Free
  • Subscribe
  • Topics
    • Alternatives
    • Artificial Intelligence
    • CIOs
    • Consultants
    • Defined Contribution
    • ESG
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Partner Content
    • Private Credit
    • Pension Funds
    • Private Equity
    • Real Estate
    • Regulation
    • Special Reports
    • Washington
    • White Papers
  • International
    • U.K.
    • Canada
    • Europe
    • Asia
    • Australia - New Zealand
    • Middle East
    • Latin America
    • Africa
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Influential Women in Institutional Investing 2024
    • Eddy Awards
  • Resource Guides
    • Active Thematic Global Equities
    • Retirement Income
    • Fixed Income
    • Pension Risk Transfer
    • Pooled Employer Plans (PEPs)
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • ESG Investing | Industry Brief
    • Innovation in ESG Investing
    • ESG Rated ETFs
    • Divestment Database
  • Defined Contribution
    • Latest DC News
    • The Plan Sponsor's Guide to Retirement Income
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • DC Plan Design: Improving Participant Outcomes
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Research Center
    • The P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
  • Print
Breadcrumb
  1. Home
  2. ASSET OWNERS
January 31, 2013 12:00 AM

New York State Teachers commits $260 million to private equity

Robert Steyer
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    New York State Teachers' Retirement System, Albany, made four commitments totaling $260 million during the quarter ended Dec. 31, according to a document prepared for its retirement board, which sets policy and oversees operations of the $88.1 billion pension fund.

    According to the document prepared for the board's quarterly meeting on Thursday, the pension fund made the following commitments:



    • ABRY Senior Equity IV, for $75 million, managed by ABRY Partners, a private equity firm that specializes in investments in media, communications and information services companies. The pension fund has invested a total of $382.5 million in seven other ABRY funds, Heidi Brennan, a NYSTRS spokeswoman said in an e-mail.

    • ICG Europe Fund V, $75 million, managed by Intermediate Capital Group, an investment firm and money manager that provides mezzanine finance, leverage credit and partnership equity. This is a new relationship, Ms. Brennan wrote.

    • Rhone Partners IV, $60 million, managed by Rhone Capital, a private equity firm that specializes in mergers and acquisitions and leveraged buyouts. Rhone Partners IV focuses on middle-market European and transatlantic companies. This is a new relationship, according to Ms. Brennan.

    • Cerberus Institutional Real Estate Partners III, $50 million, managed by Cerberus Real Estate Capital Management, a unit of private equity firm Cerberus Capital Management. The pension fund has invested a total of $100 million in two other Cerberus real estate funds, Ms. Brennan wrote.

    Separately, NYSTRS “will thoroughly review” a proposal by Gov. Andrew Cuomo to create a flat-rate pension contribution system for employers, Ms. Brennan said Thursday.

    “This review will be weighed along with the system's fiduciary responsibility to ensure the long-term soundness of the plan.”

    The proposal requires approval by the state Legislature as well as support by the teachers' pension fund and state Comptroller Thomas P. DiNapoli, sole trustee of the $150.1 billion New York State Common Retirement Fund, Albany. However, Mr. DiNapoli recently said he has “serious concerns” about the plan, although he will withhold judgment pending a formal review.

    Ms. Brennan didn't provide additional information or a timetable for the pension fund's decision.

    Related Articles
    N.Y. State Teachers earns 2.8% on investments for year
    New York State Teachers calls on Dimensional for emerging markets equities
    New York State Teachers seeks officer to help with equity searches
    New York State Teachers names new real estate, private equity leaders
    New York State Teachers looking for analysis of governor's plan
    N.Y. State Teachers to put $100 million in international equity manager of mana…
    New York State Teachers initiates hunt for real estate consultant
    Eurazeo to take 30% stake in French private equity manager Rhone Group
    Recommended for You
    A globe on a desk next to a laptop.
    Institutions eke out positive returns during volatile Q1 — Wilshire TUCS
    Northern_Trust_Universe_1550_i.jpg
    Northern Trust universe posts 0.7% median return for Q1
    Anca Drexler
    Building Ontario Fund chooses CIO from OMERS
    Sponsored
    White Papers
    The State of Lifetime Income Report
    The Next Wave of LDI Evolution
    Retirement security to future income wins, TIAA brings you the latest financial…
    U.S. Public Funds Top Performers: Q2 2024
    Generative AI Investing: Opportunities at a Key Tech Inflection Point
    Research for Institutional Money Management: Advancing Physical Risk Modelling,…
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    October 23, 2023 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Custom Content
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2025. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Artificial Intelligence
      • CIOs
      • Consultants
      • Defined Contribution
      • ESG
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Partner Content
      • Private Credit
      • Pension Funds
      • Private Equity
      • Real Estate
      • Regulation
      • Special Reports
      • Washington
      • White Papers
    • International
      • U.K.
      • Canada
      • Europe
      • Asia
      • Australia - New Zealand
      • Middle East
      • Latin America
      • Africa
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Influential Women in Institutional Investing 2024
      • Eddy Awards
    • Resource Guides
      • Active Thematic Global Equities
      • Retirement Income
      • Fixed Income
      • Pension Risk Transfer
      • Pooled Employer Plans (PEPs)
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • ESG Investing | Industry Brief
      • Innovation in ESG Investing
      • ESG Rated ETFs
      • Divestment Database
    • Defined Contribution
      • Latest DC News
      • The Plan Sponsor's Guide to Retirement Income
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • DC Plan Design: Improving Participant Outcomes
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Research Center
      • The P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
    • Print