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 . . .
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available. Research articles require an Annual sub.