New York State Common Retirement Fund, Albany, committed $250 million total to three alternatives managers' funds, confirmed Eric Sumberg, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the $160.4 billion pension fund.
The pension fund committed $100 million each to buyout funds Warburg Pincus Private Equity XI and Providence Equity Partners VII. The pension fund has previous commitments totaling $1.6 billion to Warburg Pincus funds and $835 million to Providence, Mr. Sumberg said in an e-mail.
The pension fund also invested $50 million in OxAM Quant Fund, a relative-value quantitative hedge fund managed by Oxford Asset Management. It is the first investment with Oxford.