New York State Common Retirement Fund, Albany, has made $675 million in investments and $213 million in commitments, confirmed Eric Sumberg, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the $160.7 billion pension fund.
Among the investments, the fund:
- hired The Rock Creek Group to run $300 million in emerging markets equity;
- hired Smith Graham & Co. Investment Advisors to run $300 million in intermediate aggregate fixed income. The Smith Graham allocation was done “to complement our existing fixed-income investments,” Mr. Sumberg wrote in an e-mail; and
- hired Ariel Investments to manage $75 million in U.S. microcap long-only equity.
Among the commitments, the fund:
- made a €100 million ($138 million) private equity commitment to EQT Credit Fund II, a distressed debt fund managed by EQT Partners. Mr. Sumberg wrote that the pension fund previously made a $135.3 million commitment to an EQT buyout fund.
- made a $75 million private equity commitment to Vista Foundation Fund II. The fund, managed by Vista Equity Partners, invests in small- to middle-market enterprise software companies. Mr. Sumberg wrote that the pension fund previously has made a total of $450 million in commitments to other Vista Equity Partners funds.