Institution: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $254.80 billion
Allocation to alternatives: 26%
Intermediate Capital Group‘s newly launched vehicle will focus on ICG’s European subordinated debt and equity as well as strategic equity strategies. The commitment to ICG marks a new fund manager relationship for the public pension.
NYSCRF has a 4.0 percent target allocation to private debt that currently stands at 3.0 percent. In the past 12 months, Private Debt Investor has seen a sharp rise in the pension’s private credit allocation. Between March and June, the percentage allocation to private debt has expanded by 1.3 percent.
As illustrated below, the $254.80 billion pension’s recent commitments have predominantly targeted North American and European corporate debt strategies.
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