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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR