New York State Common Retirement Fund

Overview

The New York State Common Retirement Fund is a public pension fund providing retirement security for New York State and local government employees. Established in 1921, it is one of the largest public pension funds in the United States, managing assets exceeding $297 billion as of the third quarter of the fiscal year 2025-26. The Fund serves over one million members, retirees, and beneficiaries, offering a range of retirement benefits to public employees across New York State. The Fund's investment strategy is diversified across various asset classes, including fixed income, private equity, real estate, venture capital, infrastructure, hedge funds, commodities, ESG and impact investing, crypto, distressed and special situations, and collectibles & art. It focuses on growth, late-stage, pre-IPO, buyout, turnaround, and distressed investment stages. Geographically, the Fund invests in a wide array of countries, including the United States, Canada, the United Kingdom, Germany, France, Japan, China, India, Australia, Brazil, South Korea, Mexico, Italy, Spain, the Netherlands, Sweden, Switzerland, Norway, Denmark, and Finland. The Fund's investment philosophy emphasizes prudent management and solid returns, aiming to provide retirement security for generations of New Yorkers. Its commitment to sustainable investments is evident in its Climate Action Plan, which has committed billions to sustainable investment opportunities, with plans to double the amount over the next decade. The Fund also plays a significant role in New York State's economy by investing in New York-based companies and real estate, generating solid returns while supporting local businesses and communities.

Investment Focus

• Investments must align with the Fund's mission to provide retirement security for New York State and local government employees.
• Investments should adhere to the Fund's investment policies and guidelines.
• Investments must comply with applicable laws and regulations governing public pension funds.

Portfolio Companies