NYSCRF confirms $350m commitment

The US public pension fund has backed Blackstone's third credit fund.

Institution: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $246.3 billion
Allocation to alternatives: 27.1%

New York State Common Retirement Fund (NYSCRF) has committed $350 million to Blackstone Green Private Credit Fund III (BGREEN III), according to materials from its board meeting.

BGREEN III is managed by Blackstone and will invest in subordinated/mezzanine debt returns across North America.

NYSCRF’s recent fund commitments have predominantly targeted North American vehicles focused on a variety of sectors. In 2022, NYSCRF has committed around $1 billion for debt returns.

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