The $210 billion New York State Common Retirement Fund committed $300 million to the Empire GCM RE Anchor Fund, managed by GCM Grosvenor in June, according to a recently released monthly transaction report.
Launched in late June, the closed-end, separate account will deploy capital to emerging real estate managers. The investment closed on June 24.
NYSCRF, the third-largest pension fund in the United States, said it has an existing relationship with Grosvenor.
