New York State common allocates 11 Billion alternatives
New York State Common Retirement Fund, Albany, disclosed just over $1.1 billion in new commitments completed in December, a transaction report on its website shows.
Within private equity, the $233.2 billion pension fund committed $350 million to Apollo Investment Fund X, a buyout fund managed by Apollo Global Management, and $300 million to Hellman & Friedman Capital Partners XI, also a buyout fund.
The pension fund also disclosed two commitments to funds managed by KSL Capital Partners: $300 million to real estate fund KSL Capital Partners VI and $150 million to KSL Capital Partners Credit Opportunities Fund IV, an opportunistic real estate debt fund.
The KSL Capital commitments fall respectively within the pension funds credit asset class and opportunistic absolute-return strategies asset class.
Finally, within its emerging manager program, the pension fund committed up to $15 million each to Arc Urban Investors, a value-added real estate fund managed by Arc Capital Partners, and NB Partners Fund IV, a real estate fund managed by NorthBridge Partners; and a total of $5 million to Sundance Bay Debt Opportunity Fund and Sundance Bay Debt Opportunity Fund Parallel Sidecar, both high-yield senior debt funds.
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