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.
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
The performance raised the plans’ year-to-date return to 9.6%.
The pension giant also committed another $1 billion to a BlackRock climate fund after dumping nearly $4 billion in public equities earlier this year.
More than half of the $1.3 billion in June commitments were made within the NYSCRF’s PE portfolio.
The SWFs also are pushing more into real estate as valuations drop, report says.