New York pension puts over $1bn to work in credit

The $280 billion New York State Common Retirement Fund spent the early part of 2022 allocating across the private markets spectrum, most notably with two sizable credit fund mandates totaling $1.2 billion.

The retirement system allocated $2.1 billion across private equity, real estate, credit, opportunistic absolute return, real assets and emerging managers. For much of the past year, most of the system’s focus has been on private equity and real estate. The recently announced commitments closed in February, which saw gains of 4.74% in the fourth quarter 2021. The fund has an annual . . .

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