The New York State Common Retirement Fund, Albany, made four private equity commitments totaling $1.16 billion in April, said a transaction report on the website of State Comptroller Thomas DiNapoli, the sole trustee of the $178.1 billion fund.
The commitments are:
- $400 million to Thoma Bravo Fund XII, which focuses on investments in U.S. software companies;
- $300 million to Ares Corporate Opportunities Fund V, which is managed by Ares Management and invests primarily in North America in seven categories including industrial products, health care and energy;
- $256.5 million to Cinven VI, a European buyout fund with an emphasis on sectors such as business services, financial services and health care; and
- $200 million to Hony Capital Fund VIII, which “will pursue a mix of China-based buyout, restructuring and cross-border investments” in several sectors such as health care, the pension fund's website said.
Thoma Bravo is a new relationship for the pension fund. It has invested with the other three managers.
Matthew Sweeney, a spokesman for Mr. DiNapoli, did not provide additional information by press time.