NYSCRF approves $416m in commitments

The US public pension has backed four real estate funds.

Institution: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $216.30 billion
Allocation to alternatives: 19.0%

New York State Common Retirement Fund has confirmed $416 million-worth of real estate commitments to four vehicles, published in the pension’s August 2020 monthly report.

The commitments comprise €200 million to NREP Nordic Strategies Fund IV, $150 million to Cortland Enhanced Value Fund V, $20 million to Northbridge Partners III and $10 million to Locust Point Seniors Housing Debt Fund II.

The $216.30 billion US public pension has a 9.0 percent target allocation to real estate that currently stands at 8.6 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the industrial, residential, retail and office sectors within the North America and Europe regions.

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