New York State Common Retirement Fund, Albany, committed a total of $425 million to three alternatives funds, confirmed Matthew Sweeney, a spokesman for state Comptroller Thomas P. DiNapoli, sole trustee of the $209.2 billion pension fund.
In private equity, the pension fund committed $200 million to Crestview Partners IV, a middle-market buyout fund. In opportunistic alternatives, the pension fund also committed $200 million to Taiga Special Opportunities DAC fund, a private equity fund managed by Orchard Global Asset Management.
Within its emerging manager program, the pension fund committed $25 million to Reverence Capital Partners Opportunities Fund II, a private equity fund, through its NYSCRF Pioneer Partnership Fund A II, advised by HarbourVest Horizon.
The recently announced commitments were all made in September.