New York pension allocates over $400m in European alts

The $210.5 billion New York State Common Retirement Fund has allocated more than $400 million across three distinct European alternative investments that range from distressed corporate financing opportunities to private equity in the Nordic and Benelux regions.

The commitments were made in early October. Within the firm’s private equity allocation, officials made a €200 million (US$223 million) commitment to IK Investment Partners and its IK IX Fund No. 1. The firm has an existing relationship with the New York pension and targets investments in the Nordics, Benelux, Germany, Austria, Switzerland and France with opportunistic . . .

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