The New York State Common Retirement Fund, Albany, made four private equity commitments totaling $615 million, according to a notice posted on the website of Thomas DiNapoli, the state comptroller and sole trustee of the $225.9 billion fund.
All commitments were made in December and all were made with managers that have had an existing relationship with the pension fund.
The commitments are:
- NYSCRF Pioneer Partnership Fund III for $300 million. The fund, sponsored by HarbourVest Partners, is a "closed end separately managed account that will deploy capital to emerging private equity managers," the website said.
- Insight Venture Partners XI for $250 million, managed by Insight Venture Management, which invests in "revenue-generating technology companies, primarily in the U.S.," the website said.
- EagleTree Partners V for $50 million, made through the NYSCRF Transition Annex Fund, advised by HarbourVest Partners as part of the pension fund's emerging managers program. It is a commingled investment vehicle managed by EagleTree Partners, which will invest in lower-middle markets for the consumer products, media, communications services, water and industrial sectors, according to the comptroller's website.
- Hosen Private Equity III for $15 million through the NYAI Co-Investment Fund III, managed by Hosen Capital. No details were provided.
Matthew Sweeney, a spokesman for Mr. DiNapoli, did not return a request for comment.
