When asked roughly how much the pension fund might commit to private equity during the rest of 2009, spokesperson Heidi Brennan said it would depend on the quality of the available opportunities and how they fit with the pension fund’s strategic plan.
New York State Teachers’ Retirement System has 58 general partner relationships and more than 100 different funds in its private equity program. The limited partner, which has an appetite for buyout, venture capital, international and special situation funds, has an actual allocation to private equity of 6.7 percent, with a target of 7 percent and a range of 4 percent to 12 percent, according to Brennan.