Institution:Â New York State Common Retirement Fund
Headquarters: Albany, US
AUM:Â $242.3 billion
Allocation to real estate: 10.48%
The New York State Common Retirement Fund has announced a $150 million commitment to Bell Value-Add Fund VIII, which has recently concluded its fundraising with a total of $1.3 billion.
Fund VIII will invest in the US multifamily and residential sectors under a value-add strategy.
NYSCRF allocates 10.48 percent of its investment portfolio to real estate, amounting to $25.39 billion in capital.
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