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NYSCRF approves over $1.1bn in commitments

The US public pension has backed several real estate vehicles in its latest round of commitments.

Institution: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $268.30 billion
Allocation to alternatives: 26%

New York State Common Retirement Fund has allocated over $1.1 billion-worth of real estate allocation across six real estate vehicles, according to pension funds recent allocation report.

The commitments comprise $300 million to KKR Real Estate Partners Americas III, $300 million to Black Creek Industrial Fund (open-end), $250 million to KSL Tactical Opportunities Fund I, $150 million to KSL Capital Partners Credit Opportunities Fund III, $100 million to KSL Capital Partners COTO Co-Invest I, and $10 million to Windler Co-Invest.

The $268.3 billion US pension has a 9 percent real estate target allocation that presently stands at 9 percent.

Illustrated below is the current investment portfolio and recent fund commitments made by NYSCRF.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments