New York State Common Retirement Fund, Albany, made five commitments to alternative investments in December totaling $770 million, according to the website of Thomas P. DiNapoli, the state comptroller and the $246.3 billion plan's sole trustee.
The plan made two real assets commitments.
One commitment for $275 million was to DigitalBridge Partners III, managed by DigitalBridge Group, which is a new relationship. This is a closed-end fund which seeks to acquire "digital infrastructure assets, including macro cell towers, data centers, fiber, small cell networks, edge infrastructure and other related businesses," the website said.
The other real assets commitment was for $200 million to Carlyle Renewable & Sustainable Energy Fund II, managed by Carlyle Group, an existing relationship. This closed-end fund focuses on middle market transactions targeting "traditional renewable energy — wind and solar — and newer energy transition strategies" such as industrial applications and electric vehicle infrastructure, the website said.
The pension fund also made three private equity commitments:
- Altaris Health Partners VI, for $175 million, managed by Altaris, a new relationship, making health care investments primarily in North America.
- Empire Co-Invest II, for $100 million, managed by Insight Venture Management, an existing relationship. "Insight will invest additional capital in co-investment opportunities alongside Insight Partners XIII," the website said.
- Contour Venture Partners V-A, for $20 million, managed by Contour Venture Partners, an existing relationship. Contour will seek seed-stage investments in areas such as financial services technology and digital health services, primarily in New York City.
Separately, the pension fund announced it had terminated the Wellington Asia ex-Japan Contrarian Fund, an international equity fund managed by Wellington Management Co. The termination occurred Dec. 8. The fund's $243 million was allocated to cash. A spokesman for the comptroller declined to comment.
