New York State Common approves $750m commitment

The US public pension has backed GIP's fourth flagship vehicle.

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Institution: New York State Common Retirement Fund
Headquarters: Albany, United States
AUM: $215.54bn
Allocation to alternatives: 22.10%
Bitesize: $200-500m

New York State Common Retirement Fund has committed $750 million to Global Infrastructure Partners IV, according to the pension’s November monthly report. The fund will invest in large-scale infrastructure assets within the energy, renewables and transport sectors.

The $215.54 billion US public pension has a 1.90 percent allocation to infrastructure.

As illustrated below, the Fund has made six commitments to infrastructure funds with a 2018 or 2019 vintage, which combined constitute $2.31 billion.

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