New York Common Commits $600M to Private Equity, Real Estate; Invests $1.3B to Sustainable Investments

The New York Common Retirement Fund has disclosed two new commitments totaling up to $600 million, according to the February monthly transaction report.

$300 million was committed to the buyout fund, Hudson River Co-Investment Fund IV, managed by Hamilton Lane.

In real estate, $300 million was committed to Cortland Enhanced Value Fund VI, managed by Cortland Partners.

As of December 31, 2023 the retirement fund was valued at approximately $243 billion.Separately, the pension fund committed $1.3 billion as part of its Sustainable Investments and Climate Solutions (SICS) Program. $1 billion was invested to funds tracking the MSCI World ex USA Climate Change Index. In addition, in 2022 the retirement fund committed $300 million to credit fund Carval Clean Energy Fund II, as part of its sustainable investment program. The fund focuses on clean energy, renewable energy, energy efficiency and energy storage, primarily in North America and Europe.

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