Asset Allocation
New York State Pension Commits $4.6B in Investments in September
More than half is earmarked for its opportunistic absolute return strategies and credit portfolios.
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.
More than half of the $1.3 billion in June commitments were made within the NYSCRF’s PE portfolio.