The New York State Common Retirement Fund, Albany, made seven commitments totaling nearly $1.15 billion, according to a notice on the website of Thomas DiNapoli, the state comptroller and sole trustee of the $210 billion pension system.
The pension system made private equity commitments to:
Lindsay Goldberg V, managed by Goldberg Lindsay & Co., for $300 million, a fund that "will seek to make control investments in mid- to large-size companies in North America and Western Europe," the website said. The fund will focus on "family/founder-led and other closely held companies," Matthew Sweeney, a spokesman for Mr. DiNapoli, wrote in an email. Goldberg Lindsay & Co. is an existing relationship.
NewQuest Asia Fund IV, for $20 million, managed by NewQuest Partners, through the NYAI Co Investment Fund III. NewQuest is an existing relationship. NewQuest Asia Fund IV "targets secondary acquisitions in growth-stage companies operating in the middle market within emerging Asia," wrote Mr. Sweeney, NYAI Co Investment Fund III is a separate account for the pension system managed by Asia Alternatives Management, Mr. Sweeney wrote.
S Capital Opportunity Fund, for $5 million, managed by Sequoia Capital Israel. It's a new relationship and is offered through the Hamilton Lane/NYSCRF Israel Fund. S Capital Opportunity Fund is "a venture capital fund that makes follow-on ... investments in select portfolio companies from S Capital Fund I and Sequoia Israel investments," Mr. Sweeney wrote.
Hamilton Lane/NYSCRF Israel Fund is a separate account managed for the system by Hamilton Lane "to invest in Israel-based private equity funds and co-investments," Mr. Sweeney wrote.
The New York pension fund also made two commitments via to its emerging managers program which invests in "newer, smaller and diverse investment management firms," the website said. The commitments are:
The Empire GCM RE Anchor Fund, for $300 million, "a closed end, separately managed account focused on deploying capital to emerging real estate managers," the website said. The fund manager, Grosvenor Capital Management, is an existing relationship.
Motive Capital Fund 1-A, for $20 million, managed by Motive Partners through the M2NY Pioneer Fund II, which is advised by Muller and Monroe, a partner in the emerging manager program. "Motive Capital I-A "is a closed-end, commingled investment vehicle" that will "make growth equity and buyout investments in financial technology businesses," the website said. Motive is a new relationship.
The New York pension fund also made a $300 million real assets commitment to Blackstone Infrastructure Partners, managed by Blackstone Group. The fund focuses on "control and control-oriented infrastructure investments, as well as investments in public-private partnership infrastructure projects," primarily in North America, according to the website. Blackstone is an existing relationship.
The pension fund also made a $200 million opportunistic alternatives commitment to Whitehorse Liquidity Partners III, managed by Whitehorse Liquidity Partners. This fund "will principally make preferred equity investments in private equity portfolios," the website said. This is a new relationship.