New York State Common Discloses Alternative Investments Totaling Up to $1.4 Billion
Written by: Koncheng Moua, Director of Data Management and Strategy
The New York State Common Retirement Fund (CRF) has released a monthly transaction report for the month of August that reveals up to $1.4 billion in alternative investments.
Private Equity
€260 million was committed to buyout fund, The Eighth Cinven Fund, managed by Cinven Capital. $300 million was allocated to buyout fund, GrowthCurve Capital Partners I. In addition, $150 million was committed to a co-investment fund, GCC Adirondack Co-Invest, also managed by GrowthCurve Capital.
Private Credit
$350 million was approved for the Blackstone Green Private Credit Fund III. The Blackstone fund will target the renewable and transitional energy sector. $350 million was allocated to North Haven Tactical Value Fund II. The opportunistic credit fund is managed by Morgan Stanley Investment Management.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
