Institution: New York State Teachers’ Retirement System
Headquarters: Albany, US
AUM: $118.76 billion
Allocation to alternatives: 24.6%
New York State Teachers’ Retirement System confirmed $300 million-worth of commitments to private debt funds in Q1 2021, according to meeting materials from the pension’s April 2021 meeting.
NYSTRS has a 1 percent target allocation to private debt that currently stands at 0.6 percent.
As illustrated below, the $118.76 billion pension fund’s recent private debt commitments have predominantly targeted North American vehicles pursuing either senior or subordinated lending strategies.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy, and fund investments.