New York State Pension Earmarks $850M for Private Equity, Credit Investments
The quiet month was preceded by a two-month, $7.6 billion investing spree.
The quiet month was preceded by a two-month, $7.6 billion investing spree.
The pension giant also committed another $1 billion to a BlackRock climate fund after dumping nearly $4 billion in public equities earlier this year.
More than half of the $1.3 billion in June commitments were made within the NYSCRF’s PE portfolio.
The $267.7 billion pension giant cashed out of $3.8 billion worth of equity investments in March and April alone.
Cites U.S. Chamber of Commerce report finding that firms with inclusive policies financially outperform their sector peers.
How investors are capitalizing on the need for sustainable building materials.
Despite the exit of some major firms, asset managers representing $4.6 trillion say they remain committed to the initiative.
The $260 billion pension giant also allocated $1.6 billion across a variety of investments in March.
More than $400 million of the investment was made within the pension fund’s real estate portfolio.
The New York State Common Retirement Fund also invested $25.5 million in a fund managed by one of its Emerging Manager Program partners.