New York State Common Retirement Fund, Albany, made up to $1.19 billion in four commitments, according to a November transaction report posted on the website of Thomas P. DiNapoli, the state comptroller and sole trustee of the $209.2 billion pension fund.
In private equity, the pension fund committed $500 million to Vista Equity Partners Perennial, which will focus on North American mid- to large cap enterprise software businesses. The pension fund has made multiple commitments to Vista Equity Partners, most recently $750 million to Vista Equity Partners VII in August.
Also in private equity, the pension fund committed $114 million to CVC Capital Partners Strategic Opportunities Co-Investment Fund II (A), a buyout fund that targets European and North American large cap companies. The fund also has an existing relationship with CVC Capital Partners, most recently committing €200 million ($229 million) to CVC Strategic Opportunities Fund II in June.
In real estate, the pension fund committed $400 million to Brookfield Strategic Real Estate Partners III, a closed-end opportunistic real estate fund managed by Brookfield Asset Management. It is the pension fund's second commitment to Brookfield, the first being a commitment of $300 million to Brookfield Infrastructure Fund III in May 2016.
Also in real estate, the pension fund committed €150 million ($172 million) to Niam Nordic VII, an opportunistic real estate fund that acquires commercial real estate in Denmark, Finland, Norway and Sweden. The pension fund's one prior commitment to Niam was €100 million to Niam Nordic VI in August 2015.
Separately, the pension fund terminated First Pacific Advisors from a $296 million active domestic midcap equity portfolio.
Matthew Sweeney, Mr. DiNapoli's spokesman, said in an email the termination was a "strategic reallocation."
