New York State Teachers’ Retirement System (NYSTRS) has sanctioned up to $267 million in new commitments, Pensions & Investments reports. The Albany, New York–based $89 billion retirement system has committed up to $142 million to the Fifth Cinven Fund, which concentrates on leveraged buyouts in Europe.
The system has also sanctioned a commitment of nearly $75 million to PCCP First Mortgage II and up to $50 million to FCP Fund II. The First Mortgage II focuses on loans associated with multi-tenant commercial assets and FCP Fund II concentrates on real estate in the East Coast.
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