LP Tearsheet

New York State Common Retirement Fund approves $150m commitment

The US public pension has backed a multi-regional private debt fund.

By
Muhammad Humzah Obaid
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NYSCRF allocation to alternatives

Institution: New York State Common Retirement Fund
Headquarters: Albany, United States
AUM: $193.73bn
Allocation to alternatives: 21.40%

New York State Common Retirement Fund has agreed to commit up to $150 million to TSSP Opportunities Partners IV (A), the pension revealed in its December 2018 monthly report. TPG’s multi-regional fund focuses primarily on the acquisition of distressed debt.

The $192.73 billion US public pension has a 9.5 percent current allocation to private debt, though its target allocation is undisclosed.

New York State Common Retirement Fund has made two commitments to private debt funds with a 2018 vintage, which together total $300 million.

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