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May 21, 2008

 

DiNapoli Releases April 2008 Pension Fund Report

Emerging Manager Program Grows by $420M, Fund Closes $48.7M of Transactions

The $154.5 billion New York State Common Retirement Fund (Fund) expanded its emerging manager program by $420 million and closed eight new investment transactions totaling about $48.7 million in cash and commitments during April, according to a monthly transaction report State Comptroller Thomas P. DiNapoli released today.

The Fund on April 1 increased its emerging manager program with Progress Investment Management Company by $420 million through eight mandates with seven minority-owned firms.

Separately, the Fund closed two private equity deals, one real estate transaction, and five investments in its absolute return strategies portfolio. No placement agents were used.

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 April 2008 transaction report.

Click here to access the monthly transaction report archive.

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