New York State Common Retirement Fund approves $300m commitment

The US public pension has backed a retail-focused real estate fund.

Institution: New York State Common Retirement Fund
Headquarters: Albany, United States
AUM: $210.20bn
Allocation to alternatives: 28.70%
Bitesize: $100-200m

New York State Common Retirement Fund has agreed to commit up to $300 million to Asana Partners Select Retail Fund, according to the pension’s April 2019 monthly report.

The $210.20 billion US public pension has an 8.0 percent target allocation to real estate which currently stands at 7.30 percent.

New York State Common Retirement Fund has made seven commitments to real estate funds with a 2018 or 2019 vintage, which combined constitute $1.78 billion.

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