The $278 billion New York State Common Retirement Fund continued to ramp up its private equity, credit, real estate and hedge fund exposures near the end of the first quarter to the tune of roughly $2.8 billion.
Credit strategies saw the greatest amount of new capital with two allocations totaling $1.2 billion. Apollo Capital Management’s Apollo Excelsior received $700 million. Roughly $500 million will be in Apollo Credit Funds that received approval by fund staff and then another $200 million has been set aside to manager discretion side-car co-investments. A total of . . .
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