New York State Common Retirement Fund, Albany, made commitments to three private equity funds and one real assets fund, totaling $524 million, according to information posted on the website of Thomas P. DiNapoli, the state comptroller, and sole trustee of the $216.3 billion fund. All commitments were made in July.
The private equity commitments are:
- EQT IX for a €300 million ($354 million) commitment. The fund will target buyout investments in Europe in sectors such as health care, business services and industrial technology. EQT is an existing relationship for the pension fund.
- Pitango Venture Capital Fund VIII for $10 million through the Hamilton Lane/NYSCRF Israel Investment Fund. The fund "will make early-stage venture investments in the technology industry," the comptroller's website said. Pitango is an existing relationship.
- Adamantem Capital Fund II for A$14 million dollars ($10 million) through the NYAI Co Investment Fund III. The private equity fund "invests in control buyouts of midmarket companies in Australia," said Matthew Sweeney, a spokesman for Mr. DiNapoli, in an email. Adamantem is an existing relationship.
The real assets commitment is to Castlelake Aviation IV Stable Yield for $150 million. This is a "closed-end aviation assets fund focused on acquiring, managing and leasing in-production, midlife aircraft and engines," the comptroller's website said. Castlelake is a new relationship for the pension fund.