NY State Common rapidly scales up diverse alts exposure with $1.7bn

The $210 billion New York State Common Retirement Fund continued its aggressive funding of alternative investment allocations totaling $1.7 billion in a single month, according to November transaction disclosures recently filed by investment staff.

Four distinct private equity allocations were made last November. In some instances, the pension fund joined other U.S. public pensions in funding the strategies.

Most notable was the $400 million committed to Leonard Green & Partners’ Green Equity Investors VIII, which closed with $12 billion in capital in early December. The fund focuses on retail, business services and healthcare . . .

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