NY Common Commits to Alts & Emerging Manager Program; Terminates Manager

According to meeting notes from the October 2023 board meeting, the New York State Common Retirement Fund has approved eight commitments to private equity, private credit, and real assets totalling $1.4 billion. 

In private equity, $15 million was allocated to Tribeca Access Fund II, $200 million to Crestview Fund V and $62.5 million to EagleTree Excelsior Sidecar. 

In private credit, $100 million was allocated to L2 Point Opportunities I, an additional $100 million to L2 Point Excelsior Co-Invest Holdings I and $375 million to Fundamental Empire Fund.

In real assets, $250 million was allocated to both Stonepeak Opportunities Fund and Castlelake Aviation V Stable Yield. 

Three new investments were to emerging managers. In private equity, $50.5 million was allocated to Coalesce Capital Partners I and an additional $25.5 million to KLC Fund II. In real estate, $15 million was allocated to American South Real Estate Fund II. 

Also disclosed, global equity manager Strategic Global Advisors was terminated. At the time of termination, the account was valued at $237 million. 

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!