New York State Common Retirement Fund, Albany, disclosed a total of just over $900 million in commitments and investments completed in August, according to a new transaction report on its website.
Within its real estate asset class, the $254.1 billion pension fund committed $300 million to Asana Partners Select Fund, a core and core-plus customized fund of one focused on retail and mixed-use properties, and a $111 million direct investment in Lowe's Bulk Distribution Center, an industrial building in Savannah, Ga., in a joint venture with MetLife Investment.
Within private equity, the pension fund committed $250 million to software- and technology-focused growth equity fund PSG VI, and a follow-on commitment of $175 million to 57 Stars Global Opportunity Fund, a fund of funds focusing on emerging markets opportunities in Europe. The pension fund previously committed $100 million to the latter fund in 2021.
Finally, within opportunistic absolute-return strategies, the pension fund committed $100 million to North Haven Tactical Value Fund II Co-Investment Excelsior, a fund of one managed by Morgan Stanley Investment Management.
Also, the pension fund disclosed a $400 million refinancing of an existing loan secured by the building and land of 754 Fifth Avenue in New York City.