NYSCRF boosts private markets investments by $3.3bn, strengthening alternatives strategy

The $275bn New York State Common Retirement Fund committed $3.3bn to private markets, bringing its alternatives exposure to nearly $100bn.

Private equity makes up 14.45% of the portfolio, with real assets and real estate at 13.32% and credit strategies at 8%. These investments now account for over one-third of the fund’s total holdings.

In November, NYSCRF allocated $2.7bn to private equity co-investments. The fund directed $2bn to Neuberger Berman’s NYSCRF NB Co-Investment Fund III for investments in North America and Europe. It committed $150m to Francisco Partners VII for technology-focused deals in North America. NYSCRF also invested $51m directly with Bridgepoint Group in Northern Europe, alongside $206m for Bridgepoint Development Capital V. The fund allocated $300m to Lindsay Goldberg VI, which targets middle-market buyouts and growth opportunities.

NYSCRF strengthened its real assets strategy with a $250m commitment to Oaktree Capital Management’s Power Opportunities Fund VII. This fund focuses on infrastructure-related investments in private companies. The credit program received $200m for Francisco Partners’ FP Credit Partners III, which lends to technology companies.

The fund increased its real estate investments with $113m across three projects. J.P. Morgan received $70m for Exchange Circle, an industrial property in Dallas. LaSalle Investment Management secured $43.6m for the Apex Commerce Center in Raleigh. NYSCRF also allocated $375,000 to renovate a residential property in Newburgh, N.Y.

NYSCRF continues to diversify its holdings and prioritise alternative investments. Its focus on private equity, infrastructure, and real estate underscores its commitment to supporting high-growth sectors and enhancing returns. These strategic moves position NYSCRF as a leader among institutional investors.

Source: Alternatives Watch

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