The New York State Common Retirement Fund, Albany, made eight commitments totaling just over $1.8 billion, according to information posted on the website of Thomas DiNapoli, the state comptroller and sole trustee of the $213.2 billion pension fund.
The private equity commitments, made in December, were:
- Brookfield Capital Partners V, a real assets-focused buyout fund managed by Brookfield Asset Management, for $400 million. Brookfield is an existing relationship with the pension fund.
- Thoma Bravo Fund XIII for $400 million. The fund will invest in software companies. Thomas Bravo is an existing relationship for the pension fund.
- KKR Global Impact Fund SCSp for $300 million. KKR is an existing relationship for the pension fund.
- Boyu Capital Fund IV, managed by Boyu Capital, a firm which focuses on investments in China, for $40 million through the NYAI Co Investment Fund III. Boyu is an existing relationship for the pension fund.
- CDH Fund VI, managed by CDH Investments, a firm focusing on investments in China, for $25 million through the NYAI Co Investment Fund III. CDH is an existing relationship for the pension fund.
- Estancia Capital Partners Fund II, for a $20 million commitment, through the M2 NY Pioneer Fund II, which is advised by Muller & Monroe Asset Management, an emerging manager program partner of the pension fund. Estancia Capital Partners Fund II is a closed-end commingled investment vehicle that will make buyout and growth equity investments in small to lower middle-market businesses, the comptroller's website said.
- Blackstone Real Estate Partners IX, a commingled real estate fund, for $500 million. Blackstone is an existing relationship for the pension fund.
- TSSP Opportunities Partners IV (A) for $150 million, an opportunistic alternatives commitment managed by TPG Capital, which has an existing relationship for the pension fund.
Matthew Sweeney, a spokesman for Mr. DiNapoli, did not immediately respond to a request for additional information.