New York places $1bn across alts strategies

New York State Common Retirement Fund allocated just over $1 billion across real estate, venture capital, credit and private equity funds, according to its latest monthly investment report.

The $248 billion retirement system added eleven investment funds in a burst of investment activity centered on further diversifying the large public pension plan.

Roughly $660 million was allocated across a diverse set of real estate strategies in an asset class that makes up 8% of overall fund assets or $20 billion. Hired were existing manager LaSalle; new firm relationship Oaktree Capital Management; and Kayne Anderson Capital . . .

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