New York Commits to Private Equity, Hedge Funds

FINalternatives- The $154.5 billion New York State Common Retirement Fund last month made commitments to a trio of hedge fund and private equity managers.

The CRF committed €150 million (US$233 million) to CVC European Equity Fund V and $50 million to Levine Leichtman Capital Partners IV, a $4 billion middle-market, woman-owned private equity shop.

The fund last month also made a $1 million commitment to Clarium Capital, a global macro hedge fund, through one of its funds of hedge funds, which was not disclosed for competitive reasons

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