New York State Common Retirement Fund has made a $200 million commitment to Landmark Equity Partners XVI, said a notice posted on the website of State Comptroller Thomas DiNapoli, the sole trustee of the $192 billion pension fund.
The Landmark Partners fund will make private equity investments “primarily through secondary market transactions,” said the notice.
The New York fund has invested with Landmark previously.
The pension fund also announced it had terminated a separate account with Piedmont Investment Advisors. Piedmont was terminated from the $552 million active large-cap domestic equity account due to “a strategic reallocation,” Matthew Sweeney, a spokesman for Mr. DiNapoli, wrote in an email Friday. The assets are in cash; the reallocation is still “to be determined,” he wrote.
The Landmark and Piedmont transactions took effect in April, according to the website.
