By Mario Marroquin
The New York State Common Retirement Fund deployed
over $4 billion in private equity, real estate and credit strategies in June.
According to monthly disclosures by State Comptroller Thomas DiNapoli,
the $272 billion AUM fund succeeded its deployment of $1.7 billion in May with
a total of 14 commitments for funds targeting assets in the U.S. and Europe.
DiNapoli reported the fund penned the following investments
in June:
·
$500 million to Pictet Global Environmental
Opportunities strategy for global equities.
·
$273.8 million to Bridgepoint Europe VII L.P., a
private equity fund focused on Western Europe.
·
$60.8 million to Marble Arch Albany
Co-Investment L.P., a private equity fund investing alongside Bridgepoint
Europe VII L.P.
·
$50 million to New York Credit SBIC Fund II
L.P., a private equity fund by Hamilton Lane targeting debt investments in the
lower middle-market in New York State.
·
$400 million to Hamilton Lane NY Israel Fund II
L.P, a private equity fund targeting tech and life sciences co-investments in
Israel.
·
$365 million to Knickerbocker Co-Investment
Partners L.P., an opportunistic fund investing alongside CVC Capital Partners’
funds active in Europe, the Americas and North America.
·
$500 million to an open-ended, separately
managed account managed and sponsored by Principal Real Estate Investors, which
focuses on core stabilized assets in the United States.
·
$500 million to JP Morgan Strategic Property
Fund, an open-ended comingled fund investing in core real estate in the U.S.
managed and sponsored by JP Morgan Investment Management.
·
$200 million to Fairfield U.S. Multifamily Core
Plus Fund II, a closed-end core plus fund investing in multifamily assets in
the U.S.
·
$500 million to Blackstone Real Estate Partners
X L.P., Blackstone’s latest global flagship real estate fund.
In addition, the Common Retirement Fund penned two
commitments to two funds invested in credit strategies in June. Both
commitments, totaling $350 million, were made to funds managed by Sixth Street
Partners.
Despite a tumultuous first half of the year for the public
equities market, the state’s retirement fund has invested a total of $1.3
billion in global equities funds since March.
DiNapoli’s office reported the state retirement fund saw a
9.51% return for its fiscal year ended in March.