New York State Common Discloses Alternative Investments Totaling Up to $1.4 Billion

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.

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