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June 24, 2008

DiNapoli Releases May 2008 Pension Fund Report

Fund Closes Transactions Totaling $55.7 Million, €150 Million

The $154.5 billion New York State Common Retirement Fund (Fund) expanded its emerging manager program by $80 million and closed four new investment transactions totaling about $55.7 million and €150 million during May, according to a monthly transaction report State Comptroller Thomas P. DiNapoli released today.

The Fund on May 1 increased its emerging manager program with Progress Investment Management Company, allocating $80 million to two firms, including a minority-owned manager.

Separately, the Fund closed two private equity deals, one real estate transaction, and one investment in its absolute return strategies portfolio. A placement agent was used in one private equity transaction.

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 May 2008 transaction report.

Click here to access the monthly transaction report archive.



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