What Every Employer Should Know
Investing in New York’s Emerging Businesses
In 2000, the Fund initiated the New York State Private Equity Investment Program. The Program is designed to generate a market rate of return consistent with the risk of private equity while increasing the diversification of the Fund’s investment portfolio and expanding the availability of capital for New York State businesses.
At March 31, 2014, the Fund’s private equity portfolio included investments in almost 200 New York businesses with a value of $1.1 billion. This figure reflects only the Fund’s share of these investments; the total value of New York companies held by the Fund’s partnerships was more than $23 billion as of September 30, 2013 (the most recent data available). Included in the Fund’s New York State portfolio are Flat World Knowledge in Ossining, PACS Industries in Bethpage, AccuMed in Buffalo, Auburn Armature, Inc. in Auburn, Movable Ink in New York City, Vnomics in Rochester, Advion BioSciences in Ithaca, and Climax Manufacturing in Lowville.