Institution: New York State Teachers’ Retirement System
Headquarters: Albany, United States
Allocation to alternatives: 16.25%
New York State Teachers’ Retirement System has agreed to commit $200 million to Orion Energy Credit Opportunities II, according to the pension’s October Board meeting minutes. NYSTRS previously committed $100 million to the fund’s 2016-vintage predecessor.
The $121.80 billion US public pension has a 1.0 percent target allocation to private debt that currently stands at 0.40 percent.
As illustrated below, NYSTRS has made six commitments to private debt funds with a 2018 or 2019 vintage, which combined constitute $747 million.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.