LP profile · Pension fund
New York State Common Retirement Fund
New York State Common Retirement Fund is a pension fund headquartered in United States (North America). Ranked #47 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Major Events
- No information available.
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.
Sources
- https://www.osc.ny.gov/common-retirement-fund/resources/financial-reporting-and-asset-allocation
- https://www.osc.ny.gov/press/releases/2024/05/30/dinapoli-state-pension-fund-valued-2678-billion
- https://en.wikipedia.org/wiki/New_York_State_Common_Retirement_Fund
- https://www.osc.state.ny.us/files/retirement/employers/pdf/employers-guide-section-1.pdf
- https://legalclarity.org/nys-common-retirement-fund-in-new-york-key-rules-and-benefits/
- https://nyretirementnews.com/the-common-retirement-fund-100-years-of-strength-and-security/