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.
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.
More than half of the monthly commitments were made within the pension giant’s credit portfolio.
The majority of the month’s investment commitments were earmarked for the pension giant’s real estate portfolio.
Moody’s warns that a prolonged conflict could hurt the country’s credit rating.
The position will report to the director of emerging managers, while the pension giant is also seeking an assistant counsel for investments.
The $254.1 billion pension giant also committed nearly $1 billion in July to a pair of investments within its credit portfolio.
Nearly half of the commitments were made to three private equity funds.
Notable among the pension giant’s outlays was a $1 billion investment in a fund managed by Khosla Ventures.