NY Common Commits $1.8B to Alts; Terminates International Equity Manager

The New York State Common Retirement Fund has disclosed nine commitments to alternatives, totaling $1.8 billion, according to materials from the September board meeting. 

Within private equity, $300 million was committed to Insight Partners XIII, $125 million to Vistria Fund V, $50 million to Vistria SMA NYCRF Co-Invest, and $150 million to H.I.G. Middle Market IV Co-Investment SMA.

In private credit, $600 million was committed to KLIM Delta Excelsior Fund, $100 million to Pearl Diver Empire Fund, $375 PIMCO Specialty Finance Income Fund.

And in real assets, $100 million was committed to Antin Infrastructure Partners Co-Invest 2023.

Additionally, the Alpaca Real Estate JV I was hired as an Emerging Manager program partner within the Real Estate asset class. Up to $10 million was committed to the fund. 

One manager termination was also disclosed. The Ariel international Equity Fund was terminated with an account value of $345 million at the time of termination. The funds will be reallocated to cash. 

As of March 31, 2023, the $272 billion pension fund allocates approximately 14.9% to private equity funds, 10.1% to real estate funds, and 3.1% to real assets.

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