New York State Common Retirement Fund, Albany, made 13 commitments and investments during the fourth quarter of 2014 totaling about $2.36 billion, said information posted on the website of the office of the state Comptroller Thomas DiNapoli, the sole trustee of the $178.3 billion pension fund.
The pension fund committed $300 million each to two absolute-return strategies: Bridgewater All-Weather, a risk-parity strategy managed by Bridgewater Associates, and Graticule Asia Macro Fund, a hedge fund, managed by Graticule Asset Management Asia.
Among the private equity transactions, the pension fund committed:
- $300 million — two tranches of $150 million each — to the NYSCRF Pioneer Partnership Fund A-II, managed by BAML Capital Access Funds Management;
- $200 million to Warburg Pincus Energy Fund;
- $200 million to Centerbridge Capital Partners III, managed by Centerbridge Partners;
- $100 million to Helios Investors III, managed by Helios Investment Partners;
- $50 million to Graycliff Private Equity Partners III (NYS), managed by Graycliff Partners;
- Made a $25 million commitment to Baring Asia Private Equity Fund VI, managed by Baring Private Equity Asia, through its Asia Alternatives III–New York Co-Investment Pool;
- £15 million ($22.76 million) to Stirling Square Capital Partners Third Fund, through the Access/NY European Middle Market Buyout Fund II; and
- £9.8 million to Endless Fund IV through the Access/NY European Middle Market Buyout Fund II.
The pension fund also made three opportunistic commitments. It committed $400 million to NYSCRF/59 Newport, managed by Pacific Alternative Asset Management Co.; $250 million to TSSP Adjacent Opportunities Partners, managed by TPG; and $200 million to Landmark Equity Partners XV, managed by Landmark Partners.
