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FUNDRAISING NEWS | April 03, 2024
Disclosed in the February 2024 Monthly Transaction Report, the New York State Common Retirement Fund (CRF) has made two commitments to venture capital and real estate, totalling $550 million.
$150 million was allocated to B Capital Opportunities Fund II, L.P (OF II). OF II is a venture capital fund managed by B Capital Group Management, L.P. The investment closed on February 29, 2024.
Funding will come from cash reserves.
In real estate, $400 million was allocated to NYSCRF Frontier Mach III, LLC (Mach III). Mach III”) is the latest addition to the CRF’s Frontier Mach Program, an emerging manager program managed by Artemis Real Estate Partners. Artemis has an existing relationship with the CRF. The investment closed on February 15th, 2024.
As of December 31, 2023, the Pension Fund was valued at $259.9 billion with asset allocations of 14.75% to private equity, and 13.30% to real estate and real assets.
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!
Written By: Jane Bailey, Marketing Associate
Jane Bailey is a Marketing Associate at Dakota.
November 08, 2023
May 02, 2024
June 07, 2024
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