NYSCRF commits $500m to real assets
The $181.7 billion New York State Common Retirement Fund has committed a total of $500 million to an infrastructure fund and a farmland fund, according to recently released monthly investment reports.
The pension fund committed $300 million to TIAA-CREF Global Agriculture II. The $3 billion fund invests in high-quality farmland assets in North America, South America and Australia. TIAA-CREF is a new relationship for the pension fund.
NYSCRF also committed $200 million to KKR Global Infrastructure Investors II. The $3.1 billion fund invests in renewable energy, pipelines, utilities and transportation-related assets. Other commitments to the fund have come from the Merced County (Calif.) Employees’ Retirement Association and the