New York State Common Retirement Fund, Albany, made commitments totaling $2.47 billion in February, according to the $225.9 billion pension fund's latest monthly transaction report on the website of Thomas DiNapoli, state comptroller and the pension fund's sole trustee.
In private equity, the pension fund committed $2 billion — in two tranches of $750 million each and one tranche of $500 million — to the NYSCRF NB Co-Investment Fund, managed by Neuberger Berman.
The pension fund originally committed $800 million in four tranches of $200 million each to the fund in 2015. The co-investment fund's objective is "to opportunistically co-invest primarily alongside CRF's private equity manager," the transaction report said.
Also in private equity, the pension fund committed $200 million to Vista Foundation Fund IV, a buyout fund managed by Vista Equity Partners. The pension fund previously committed $400 million to Vista Foundation Fund III in 2016.
Finally, the pension fund committed $15 million to S Capital II, a private equity fund managed by Sequoia Capital Israel, made through the Hamilton Lane/NYSCRF Israel Fund. The pension fund previously committed $5 million to S Capital Opportunity Fund in 2019.
Hamilton Lane/NYSCRF Israel Fund is a separate account managed for the system by Hamilton Lane "to invest in Israel-based private equity funds and co-investments," Matthew Sweeney, Mr. DiNapoli's spokesman, said in an August email.
In real assets, the pension fund committed $150 million to SASOF V, an aviation-focused special situations fund managed by Carlyle Aviation Partners. It is a new manager for the pension fund.
Also in real assets, the pension fund committed $100 million to Brookfield Infrastructure Fund IV Co-Invest, managed by Brookfield Asset Management. The fund invests in renewable co-investment opportunities alongside Brookfield Infrastructure Fund IV, according to the report. NYSCRF originally committed $500 million to Brookfield Infrastructure Fund IV in May.
As of Sept. 30, the pension fund's actual allocation to alternatives was 22%, according to Pensions & Investments data.
