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NYSCRF commits $225m to real estate fund
The $181.7 billion New York State Common Retirement Fund has committed $225 million to KSL Capital Partners IV, according to recent meeting documents.
The value-added fund is targeting $2.25 billion in equity for high-end hotel and leisure properties, including resorts, golf courses and high-end athletic clubs.
The fund has received investments from the $3.8 billion Houston Firefighters’ Relief and Retirement Fund, the $14.5 billion New Mexico Public Employees’ Retirement Association and the $19.9 billion San Francisco Employees’