New York State Common Retirement Fund, Albany, disclosed manager hires and alternative fund commitments totaling $1.6 billion in a May transaction report posted the website of Thomas P. DiNapoli, state comptroller and sole trustee of the $279.7 billion pension fund.
In private equity, the pension fund committed $400 million to technology buyout fund Vista Equity Partners Fund VIII; and $5 million to S Capital III, a buyout fund managed by S Capital VC Management, through the Hamilton Lane NY Israel Fund.
In fixed income, the pension fund hired Ramirez Asset Management to run $350 million in long-term government fixed income. Funding came from deferred fixed-income cash, according to the transaction report.
In opportunistic absolute-return strategies, the pension fund committed $350 million and $50 million, respectively, to growth equity fund B Capital Global Growth III and venture capital fund B Capital Ascent Fund II, both managed by B Capital Group Management.
In credit, the pension fund committed $300 million to CVI Clean Energy Fund B II, an opportunistic credit fund managed by CarVal Investors.
Finally, in its emerging managers program, the pension fund committed $100 million to BIG Real Estate Fund II, a high-yield debt fund managed by Basis Investment Group.
