The New York State Common Retirement Fund, Albany, made seven commitments and investments worth $1.89 billion, according to information posted on the website of Thomas DiNapoli, the state comptroller and sole trustee of the $209.2 billion pension fund.
The transactions were made in August.
In the private equity category, the pension fund made a $750 million commitment to Vista Equity Partners VII, managed by Vista Equity Partners, which will focus on enterprise software opportunities in North America. The pension fund has made $2.3 billion in commitments to nine other Vista funds since 2007, Matthew Sweeney, a spokesman for Mr. DiNapoli, wrote in an email.
The fund committed €62.5 million ($71.9 million) to Wigmore Street VI Co-Investment No. 3, managed by Bridgepoint Capital, to pursue a strategy of acquiring controlling interests in middle-market companies throughout Europe, said the comptroller's website. The fund "is a co-investment vehicle formed to invest in transactions alongside the main Bridgepoint Europe funds," Mr. Sweeney wrote. The pension fund had committed $995 million to seven other Bridgepoint funds since 1998, he added.
The pension fund also committed $20 million to Contour Venture Partners IV A, managed by Contour Venture Partners, a fund that will "target seed and early stage technology companies" in New York, the website said. The fund had committed $40 million to three other Contour funds since 2011, Mr. Sweeney wrote.
The pension fund also invested $400 million with Advent Capital in a separately managed account for Advent's Phoenix Convertible Strategy, which focuses on U.S. convertible bonds, Mr. Sweeney explained.
For real estate, a $200 million commitment was made to Artemis Real Estate Partners Income and Growth Fund, managed by Artemis Real Estate Partners. This Artemis fund seeks to invest in "strategic joint ventures with emerging or diverse operating partners," the comptroller's website said.
Artemis "invests alongside emerging and diverse real estate managers in joint ventures diversified across office, industrial, multifamily, retail, senior living and debt strategies," Mr. Sweeney wrote. The New York pension fund has committed $800 million to two previous Artemis funds, he added.
In another real estate transaction, the New York fund made a $150 million commitment to HVP IV Sidecar S, an investment vehicle "formed to co-invest on selected properties" with Heitman Value Partners IV, a closed-end commingled real estate fund. Both funds are managed by Heitman Capital Management. In June, the pension fund made a $150 million commitment to Heitman Value Partners IV.
The New York pension fund also made a $300 million commitment to ISQ Global Infrastructure Fund II, managed by I Squared Capital Advisors. This vehicle focuses on middle-market investments that include power generation, renewable energy and transportation.