New York STRS Commits $830M to Alts
Written by: Helen Bascom, Marketing Associate
The New York State Teachers Retirement System disclosed seven alternative investments, totaling $830 million, according to materials from the January 25th board meeting.
With in private equity, $150 million was committed to Hahn & Co IV, $100 million to Peninsula VIII, $50 million to Cortec Group Fund VIII, $50 million to A&M Capital Partners III, $80 million to A&M Capital Strategic Investments, and $100 million to AMCSI Co-Investment Partnership.
In private credit, $300 million was committed to OIC Credit Opportunities Fund IV.
As of December 31, 2023, the $138.5 billion pension fund allocates approximately 9.5% to private equity funds with a target allocation of 9%. And approximately 1.6% to private credit with a target allocation of 2%.
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