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January 27, 2009

 

DiNapoli Releases December 2008 Pension Fund Report

Closes $16.3 Million of Real Estate Deals, Ties Up Several Equity Deals

The $153.9 billion New York State Common Retirement Fund (Fund) in December closed $16.3 million of real estate transactions and disclosed information about several private equity deals, according to a monthly transaction report State Comptroller Thomas P. DiNapoli released today.

The Fund closed five real estate transactions totaling $16.3 million. No placement agents were used in the transactions.

The Fund also disclosed eight private equity commitments that were made in 2007 and 2008. These commitments totaled €76.8 million, and they were disclosed in prior monthly reports, however the names of the funds had been withheld pending the formal close of the fund. Several placement agents received fees in connection with these transactions.

DiNapoli publishes monthly transaction reports that detail the nature, size, and parties of Fund investments. The report also indicates whether a third-party placement agent was used in obtaining the Fund investment. This effort is part of DiNapoli’s ongoing commitment to increasing transparency and openness in the operations of the pension fund. Monthly reports dating back to February 2007 are also available online.

Click here for a copy of the December 2008 transaction report.

Click here to access the monthly transaction report archive.


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