NYSCRF commits $15m to Raith Real Estate Fund III

The US-based public pension has backed a distressed fund.

Institution: New York State Common Retirement Fund
HQ: Albany, United States
AUM: $242.3 billion

New York State Common Retirement Fund (NYSCRF) has committed $15 million to Raith Real Estate Fund III, managed by Raith Capital Partners.

Founded in 2012, Raith Capital Partners is a New York-based asset management firm focused on distressed loans and commercial mortgage-backed securities across the United States.

Raith Capital Partners‘ third flagship distressed fund seeks to acquire mainly North American businesses. As illustrated below, NYSCRF‘s recent private debt commitments are focused on North American vehicles with various strategies.

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