New York State Common Retirement Fund, Albany, disclosed manager hires and commitments totaling $1.68 billion in an April transaction report posted on the website of Thomas DiNapoli, state comptroller and sole trustee of the $279.7 billion pension fund.
Within its global equity asset class, the pension fund hired Artisan Partners to run $300 million in active international smidcap growth equities. Funding comes from cash, according to the transaction report.
In real estate, the pension fund committed $300 million to Clarion Lion Industrial Trust an open-end core-plus real estate fund managed by Clarion Partners.
In credit, the pension fund committed $300 million to OHA Strategic Credit Fund III, a distressed debt fund managed by Oak Hill Advisors.
Within private equity, the pension fund committed $250 million to buyout fund Francisco Partners VII and $75 million to growth equity fund Francisco Partners Agility III.
Within real assets, the pension fund committed €200 million ($211 million) to Copenhagen Infrastructure IV Co-Invest, a fund managed by Copenhagen Infrastructure Partners that invests in a diversified portfolio of renewable assets, and $200 million to Oaktree Power Opportunities Fund VI, a private infrastructure fund managed by Oaktree Capital Management.
In its emerging manager program, the pension fund committed $20 million each to LightBay Investment Partners II, a special situations fund managed by LightBay Capital, and Stride Consumer Fund I, a lower middle-market buyout fund managed by Stride Consumer Partners. Both commitments were made through M2 NY Pioneer Fund III, advised by Muller & Monroe Asset Management.
