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 . . .

Continue Reading

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.

Get started

Related Articles

Back to top button

Start Your Days in the Know


Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!