New York State Common Retirement Fund announced more than $1 billion in commitments in its monthly transaction report for June 2019.
Among the commitments:
• $300 million to Blackstone Infrastructure Partners, closed June 30. BIP is an “open-ended, commingled investment fund” managed by the Blackstone Group;
• $200 million to Whitehorse Liquidity Partners III LP, closed June 25. NYSCRF said this fund would “make preferred equity investments in private equity portfolios as an alternative to traditional secondaries.” Whitehorse is a new relationship for CRF.
• $300 million to Lindsay Goldberg & Co.’s Lindsay Goldberg V, LP, closed June 7. This fund will “seek to make control investments in mid-to-large size companies in North America and Western Europe.”
• $20 million to NewQuest Asia Fund IV, LP, closed on June 27. This investment was made through the NYAI Co-Investment Fund III.
• $5 million to S Capital Opportunity Fund, LP, closed June 7. This commitment was made through the Hamilton Lane/NYSCRF Israel Fund LP.
NYSCRF also made two new commitments through its Emerging Manager program:
• $300 million to Empire GCM RE Anchor Fund, LP, closed June 24. The fund is sponsored by Grosvenor. NYSCRF describes it as a “closed-end, separately-commingled account focused on deploying capital to emerging real estate managers.”
• $20 million to Motive Capital I-A LP, closed June 28.
According to its website, the NYSCRF’s value is estimated at $210.2 billion as of Mar. 31, based on a 5.23 percent one-year return, and its 2018 yearly financial report said it had $17.5 billion invested in private equity.
Action item: check out the New York State and Local Retirement Systems 2018 CAFR here.