NYSCRF partners with Waterton

The US public pension fund has committed $300m to the Waterton value-add fund.

Name: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $242.3bn

New York State Common Retirement Fund has committed $300 million to Waterton Residential Property Venture XV, according to a recent monthly transaction report.

This is a new relationship for NYSCRF, which has an allocation of 10.48% to real estate. Founded in 1995, Waterton focuses on US multifamily and hospitality properties.

The fund will be focused on acquiring and operating value-add apartments across the top 30-40 metropolitan statistical areas in the US (based on population).

The recent commitments from NYSCRF have focused on opportunistic, proptech and core strategies, in various sectors.

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