Sunday, 3 May 2015
Last updated 1 day ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…