The New York State Common Retirement Fund, Albany, made a pair of private equity commitments totaling $250 million, according to information posted on the website of State Comptroller Thomas DiNapoli, the sole trustee of the $225.9 billion pension fund. Both commitments were made in April.
The pension fund committed $200 million to Francisco Partners VI. The fund will focus on investing in North American technology companies. Francisco Partners is an existing relationship.
The pension fund also made a $50 million commitment to One Rock Capital Partners III. The commitment was made through the NYSCRF Transition Annex Fund advised by HarbourVest Partners, as part of the New York pension fund's emerging managers program. One Rock is an existing relationship.
The One Rock fund "will employ a middle-market buyout for control strategy with private equity investments" in sectors such as chemicals and process industries, specialty manufacturing and health-care products, and food manufacturing and distribution, the website said.
The New York pension fund also added $154 million to the Barings International Small Cap separate account, bringing the total investment to $275 million.