New York State Common Retirement Fund, Albany, made $2.37 billion in alternative investment commitments in August and September, according to transaction reports on the website of Thomas P. DiNapoli, state comptroller and sole trustee of the $268.3 billion pension fund.
Within its credit asset class, the pension fund committed $500 million to Strategic Value Excelsior Fund, a credit fund of one focused on North American and European distressed and special situations investments managed by Strategic Value Partners; $250 million to Blackstone Capital Opportunities Fund IV and $125 million to Blackstone COF IV Co-Investment Fund, both opportunistic credit funds; $250 million to FP Credit Partners II, an opportunistic credit fund managed by Francisco Partners; and $25 million to Altura Capital Fund III, a mezzanine debt and private equity fund.
In real estate, the pension fund committed $400 million to Brookfield Strategic Real Estate Partners IV, an opportunistic real estate fund managed by Brookfield Asset Management, and $300 million to MetLife Core Plus Partners, a core-plus real estate fund managed by MetLife Investment Management.
In private equity, the pension fund committed $210 million to New York Balanced Pool Asia Investors IV, a separate account private equity fund of funds managed by Asia Alternatives; $150 million to Warburg Pincus Financial Sector II, a private equity fund focused on the financial sector; $95 million to growth equity fund Providence Strategic Growth V; and $50 million to Insight Venture Partners X Follow-On, a growth equity fund managed by Insight Partners that pursues follow-on investments in Insight Venture Partners X portfolio companies.
Through the Hamilton Lane/NYSCRF Israel Fund, the pension fund committed $10 million to venture capital fund NFX Capital Fund III.
The pension fund also disclosed three commitments in its emerging manager program in August and September.
The pension fund committed $24 million to Clearhaven Partners Fund I, a buyout fund through the NYSCRF Pioneer Partnership Fund A-II, overseen by HarbourVest Partners, and $15 million to Invictus Growth Fund I, a growth equity fund managed by Invictus Growth Partners, through the M2 NY Pioneer Fund III, overseen by Muller & Monroe Asset Management.
The pension fund also made a follow-on commitment of up to $15 million to Brasa Credit II, an opportunistic real estate fund managed by Brasa Capital Management. The commitment was made through the Empire GCM RE Anchor Fund, overseen by GCM Grosvenor.
The pension fund had originally committed up to $15 million to Brasa Credit II in February.
