About The Common Retirement Fund

While the Fund can be an important economic engine for the State of New York, the ultimate goal is always to generate a solid rate of return on investments. In-state investment opportunities are evaluated with this criteria in mind.

Whenever possible, the Fund specifically invests in enterprises, business ventures or companies that benefit the State of New York’s economy. For example, the Fund’s private equity portfolio includes investments in almost 200 New York State businesses with a value of $843 million. The Fund also:

• Invests in commercial real estate properties,
• Provides capital to the Community Preservation Corporation for the construction of affordable housing,
• Finances small, private businesses seeking venture capital through the New York Business Development Corporation (NYBDC) Program and
• Provides capital for Federal mortgage programs in New York through the Mortgage Pass-Through Program.