The $280bn New York Common Retirement Fund committed a little more than $2bn in investments in February toward the pension’s credit, private equity, real estate, absolute return, and real asset portfolios.
During the month, the pension fund committed $1.2bn toward its credit portfolio, including $800m to the Ares SSG Capital Partners VI, and Ares SSG Excelsior Co-Investment, funds, and $400m to the Ellington Empire Fund managed by Ellington Management Group.
The pension fund also committed $200 million for its private equity portfolio to the Clearlake Capital VII, L.P. fund managed by Clearlake Capital Group. The fund will target investments in the technology, industrials, and consumer sectors, mainly in the US. It also committed $10 million to J-Star No. 5, L.P., which will focus on small-mid Japanese buyout investments among various sectors, and $5 million to the NFX Capital Opportunity Fund I., which will invest in the technology and life sciences sectors in Israel and the US.
Read more: CIO
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