NY State Common boosts credit by over $700m

The $255 billion New York State Common Retirement Fund added three new investments in credit in recent months totaling more than $700 million.

Managers hired were Brookfield Asset Management ($600 million) and Pearl Diver Capital ($124 million).

The Brookfield Special Investments Fund received a $300 million commitment for an opportunistic, cross-sector investment strategy focused on non-control, large-scale, equity and equity-linked investments created by market dislocations. Officials also tapped the firm for a co-investment vehicle linked to the fund, BSI Co-Invest (C) for another $300 million.

The allocation . . .

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