Institution: New York State Teachers’ Retirement System (NYSTRS)
Headquarters: Albany, United States
Allocation to alternatives: 22.60%
NYSTRS has agreed to increase its commitment to ABRY Advanced Securities Fund IV by $25 million to $125 million, according to the pension’s January Board meeting minutes. The previous $100 million commitment was made to the fund in July 2018.
The $119.9 billion US public pension has a 1.0 percent target allocation to private debt which currently stands at 0.4 percent.
As illustrated in the charts below, NYSTRS made three commitments to private debt funds with a 2018 vintage year, totalling $345 million. Each of these funds are concerned with the corporate sector.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.