NY Common Commits $770M to Alts

The New York State Common Retirement Fund has approved five commitments to real assets, private equity, and venture capital, totalling $770 million according to meeting materials from their December 2023 board meeting. 

$275 million was allocated to DigitalBridge Partners III, an infrastructure strategy. The investment closed on December 21, 2023, forming a new relationship between DigitalBridge and the CRF. 

An additional $200 million was allocated to Carlyle Renewable & Sustainable Energy Fund II. Carlyle and the CRF have an existing relationship. 

In private equity, $175 million was allocated to Altaris Health Partners VI. The investment closed on December 15, 2023, and will focus on investments in the healthcare sector. Altaris is a new relationship for the CRF. 

Also in private equity, $100 million was allocated to Empire Co-Invest II. The investment closed on December 22, 2023 and will invest additional capital in co-investment opportunities alongside Insight Partners XIII. 

Lastly, in venture capital, $20 million was allocated to Contour Venture Partners V-A. The investment closed on December 4th, 2023, continuing an existing relationship between Contour and the CRF.

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Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.

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