The limited partner has allocated up to $125 million for the Boston funds-of-funds manager shop
Those allocations, made in October, followed commitments by the agency in July to commit up to $75 million in distressed debt specialist
As of Sept. 30, private equity commitments accounted for 7.6 percent of NYSTRS’s $82 billion portfolio, which was above the 7 percent target for the asset class but comfortably within the range of 4 to 12 percent that the agency’s board has assigned for it.
Dhvani Shah, a former vice president at Bank of America in Chicago, joined the agency in March 2009 as its manager of private equity. The post had been vacant since the previous July.
Although NYSTRS had been making some commitments to the asset class all along, most have been small, generally $50 million slugs or less.