The $207 billion New York State Common Retirement Fund has committed $225 million to ARA Real Estate Partners Asia II, according to the retirement fund’s website.
ARA Real Estate Partners Asia II is a closed-end, diversified Pan-Asia commingled real estate fund managed by ARA Private Fund Platform.
New York State Common Retirement Fund has a target allocation to real estate of 8 percent with an actual allocation of 6.7 percent.
