New York State Common Retirement Fund, Albany, made a €300 million ($307 million) commitment to CVC Capital Partners for a sidecar investment fund to co-invest along CVC private equity deals in which the pension fund is an investor.
The sidecar fund is called Knickerbocker Co-Investment Partners, confirmed Matthew Sweeney, a spokesman for New York state Comptroller Thomas DiNapoli, in an email. Mr. DiNapoli is the sole trustee of the $272.1 billion pension fund, which is the sole limited partner in the fund.
"CVC will seek to invest capital in select, high conviction opportunities alongside CVC's European/Americas and Asian funds," according to information posted on the comptroller's website.
