NY Common Discloses Commitments to Private Equity, Real Estate, Real Assets

August 31, 2022

Written By:
Koncheng Moua, Research Data Analyst

The New York State Common Retirement Fund has disclosed several alternative investments across private equity, real estate, and real assets funds in a July 2022 transaction report.

Private Equity

$100 million was committed to Siris Partners V. The fund will target investments in U.S. based technology companies. Additionally, €200 million was committed to EQT X. EQT X invests in the healthcare, technology, industrial technology, and services sectors primarily in Western Europe. As of June 30, 2022, the Fund has an actual and target allocation to private equity of 15% and 10% respectively. 

Real Estate

$200 million was committed to Noble Hospitality Fund V, managed by Noble Investment Group. NHV V is an opportunistic real estate fund that invests in “upscale select-service and extended-stay hotels in the U.S. markets that exhibit strong population and GDP growth, as well as workforce expansion”, according to the transaction report. As of June 30, 2022, the Fund has an actual and target allocation to real estate and real assets of 12.1% and 12% respectively.

Real Assets

$100 million was committed to ISQ Co-Investment Fund III, managed by I Squared Capital. The co-investment fund will invest alongside the main fund, ISQ Global Infrastructure III. Also, €200 million was committed to DIF Infrastructure Fund VII, managed by DIF Capital Partners. Lastly, €200 million was committed to DIF Core Plus Infrastructure Fund III, which will target small and mid-market infrastructure investments in telecom, energy, and transportation sectors. As of June 30, 2022, the Fund has an actual and target allocation to real estate and real assets of 12.1% and 12% respectively.

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Tags: Pension Funds, Alternatives, Real Estate, Real Assets, Private Equity

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