Publications

Investors - JANUARY 23, 2018

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

New York State Common Retirement Fund commits $325m

by Andrea Zander

The $201.3 billion New York State Common Retirement Fund made several commitments to real estate in November 2017.

It committed $200 million to Landmark Real Estate Partners VIII-A, a secondaries fund managed by Landmark Partners.

In addition, the pension fund committed $50 million each to two funds managed by Avanath Capital Management. It committed $50 million to Avanath Affordable Housing III and $50 million to Avanath III NY Co-Investment Fund. Avanath is a new relationship for the pension fund.

As part of its emerging manager program, the New York State Common Retirement Fund invested $25 million in BIG Real Estate Fund I, a closed-end commingled investment fund managed by Basis Investment Group, which focuses on originating, co-originating, or acquiring debt and structured equity investments located throughout the United States. This is a new relationship for the pension fund.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.