New York Retirement Fund Commits $590 Million To Six Alts. Shops

Jan 6 2010 | 12:14pm ET

New York’s public pension fund is continuing to rebuild its alternative investments portfolio following a pay-to-play scandal with $590 million in new commitments.

The New York State Common Retirement Fund made the six investments in November, Pensions & Investments reports.

The recipients of the Empire State’s largesse are led by York Capital Management, whose Distressed Mortgage Fund won a $250 million follow-on commitment. Perella Weinberg Partners’ Xerion credit hedge fund got another $100 million, as did Brigade Capital Management’s Leveraged Capital Structures Fund and Level Global Investors. The latter two are new to the New York fund.

NYSCRF also made a pair of private equity commitments, one new and one a follow-on. DeltaPoint Capital’s Fund IV got another $25 million from the pension, while Clearlake Capital Partners’ second fund earned its first $15 million from New York.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...