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NYS Comptroller


In-State Private Equity Investment Program

This program invests in private equity funds that target technology-based startups and established businesses in the State seeking expansion capital. The program generates solid returns for the State pension fund and the one million members, retirees and beneficiaries who depend on it. As an added bonus, it spurs private sector investments and jobs—upstate and downstate—by investing in businesses that want to expand here.

Company Profiles

New Tech Firm Helps Improve Healthcare

Southern Tier Brewing Company
An Upstate Success Story

Movable Ink
This Tech Firm Knows When “You’ve Got Mail”

Want to learn English? Try Voxy.

Since 2007, Comptroller DiNapoli has doubled the capital committed to this program.

  • 11 percent internal rate of return on fully exited investments.
  • $863 million returned to the Fund on $583 million exited investments in 139 companies.
  • More than $1 billion has already been invested in over 350 New York State companies.
  • $6.7 billion has been invested between the Fund and partner private equity firms, including $2.4 billion in upstate New York companies.

Other Resources