Institution: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $247.7 billion
Allocation to alternatives: 22.6%
New York State Common Retirement Fund has confirmed $464.5 million worth of commitments to four private debt vehicles, according to the pension’s February 2021 monthly transaction report.
The commitments comprised $200 million to FIMI Opportunity VII, €200 million ($234.5 million) to Blantyre Special Situations Fund II, $15 million to Brasa Credit II and $15 million to Mandrake Capital Real Estate Fund.
NYSCRF has a 3.0 percent target allocation to private debt that currently stands at 1.7 percent.
As illustrated below, the $247.7 billion US public pension’s recent private debt commitments have predominantly targeted corporate and real estate debt vehicles focused on subordinated lending or the acquisition of distressed debt.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.