NYSTRS confirms $150m commitment

US pension fund makes new private debt commitment.

Institution: New York State Teacher’s Retirement System
Headquarters: Albany, US
AUM: $128.4 billion
Allocation to private debt: 7.5%

New York State Teacher’s Retirement System approved a new private debt commitment of $150 million to the Artemis Debt Separate Account.

The Separate account by Artemis Real Estate Partners targets mezzanine loans and first mortgage loans in the US.

NYSTRS has a current allocation of 7.5 percent to private debt, which is under the target allocation of 8 percent. As illustrated below, the $128.4 billion pension fund’s recent private debt commitments have typically targeted North American vehicles pursuing either senior or subordinated and mezzanine debt.

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