Asset Allocation
New York State Pension Earmarks $850M for Private Equity, Credit Investments
The quiet month was preceded by a two-month, $7.6 billion investing spree.
The quiet month was preceded by a two-month, $7.6 billion investing spree.
Private investments in insurance are on pace to end the year with their highest total in more than a decade.
The pension giant also committed another $1 billion to a BlackRock climate fund after dumping nearly $4 billion in public equities earlier this year.
Lending occupies more and more of PE companies’ attention, per a new PitchBook Report.
Public and private assets helped the pension fund swing from a loss one year earlier to raise its asset value to $471.5 billion.