Institution: New York State Common Retirement Fund
Headquarters: Albany, US
AUM: $247.7 billion
Allocation to alternatives: 19.6%
EQT’s fifth flagship global infrastructure vehicle is the largest infrastructure fund in market, targeting €12.5 billion. The fund’s immediate predecessor held a final close in March 2019 at €9 billion.
New York State Common’s infrastructure investments are housed in its $4 billion real assets portfolio, which comprises agriculture and commodities alongside infrastructure.
As illustrated below, the $247.7 billion US public pension’s recent infrastructure commitments have tended to target either North America-specific or global vehicles focused on a variety of sectors.
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