New York State Common Retirement Fund, Albany, allocated $445 million total to five managers, said a July transaction report on the website of state Comptroller Thomas P. DiNapoli, sole trustee of the pension fund.
In private equity, the $181 billion pension fund committed $200 million to Snow Phipps Fund III, a North American buyout fund managed by Snow Phipps Group; $20 million to RLJ Equity Partners II, also a North American buyout fund; $15 million to Farallon Asia Special Situations III, which targets debt investments in Indonesia and other parts of Southeast Asia and is managed by Farallon Capital Management; and $9.9 million to Boyu Capital Fund III, which will target midcap to large-cap growth equity and buyout investments in China.
The pension fund has previously invested in other funds with all four managers. The RLJ Equity Partners commitment will be made though the M2 NY Pioneer Fund, an emerging manager fund of funds.
The pension fund also allocated an additional $200 million to active domestic fixed-income manager Smith Graham & Co. Investment Advisors. Funding came from cash. As of March 31, Smith Graham managed $325.9 million for the pension fund.
A spokesman could not immediately provide additional information.