NY
New York State Common Retirement Fund
Pension fund · Founded 1983 · Albany, United States
Major U.S. public pension fund serving New York State employees and retirees
Who New York State Common Retirement Fund is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- The New York State Common Retirement Fund was established in 1921 to manage the pension assets for public employees in New York State.
- It is one of the largest public pension plans in the United States, holding the assets of the New York State and Local Retirement System (NYSLRS) in a single unified investment program.
- The fund is overseen by the New York State Comptroller, who acts as the sole trustee, a structure that centralizes investment and policy decision-making.
Source of Capital
- The fund's capital is sourced from required contributions made by more than 3,000 state and local government employers, their employees, and from the returns on its investments.
- It holds these assets in trust on behalf of its more than one million members, who are current and former public sector employees.
Allocation Strategy
- The fund invests across a wide range of asset classes, including domestic and international equities, global equity, private equity, real estate, and fixed income.
- It maintains a long-term, diversified investment strategy designed to achieve returns while managing risk for its pension obligations.
- As of March 2024, the fund's strategic asset allocation targets included 39% in publicly traded equities, 21% in cash, bonds, and mortgages, 17% in private equity, and 13% in real estate and real assets.
The funds New York State Common Retirement Fund backs.
New York State Common Retirement Fund is a limited partner in 154 funds. 34 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How New York State Common Retirement Fund’s fund book is spread.
The 154 funds New York State Common Retirement Fund backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 151 of 154 with a location on record.
- North America 12885%
- Rest of world 139%
- Europe 107%
United States 126 · Israel 6 · China 4 · United Kingdom 4
How established those managers are
Managers grouped by how many funds they have raised. 30 emerging (three funds or fewer), 48 established — across the 78 of 154 with a fund history on record.
The companies New York State Common Retirement Fund backs directly.
New York State Common Retirement Fund holds 8 companies directly, separate from the funds it commits to as a limited partner. The 7 largest by total funding are shown.
How those direct holdings break down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
-
USA8
-
Transportation2
-
Education1
-
Energy1
-
Engineering and Manufacturing Equipment1
-
Health1
-
Marketing1
-
Security1
-
Series A5
-
Series B+2
-
Breakout Stage3
-
Early Growth3
-
Late Growth1
-
Mature1
Inside New York State Common Retirement Fund’s portfolio.
The 7 highest-funded portfolio companies, of 8 tracked.
Other LPs.
Other pension funds in the Power Law LP ranking, closest to New York State Common Retirement Fund by combined power-law score — North America first, then the nearest worldwide.
Key people at New York State Common Retirement Fund.
