NYSCRF Targets Renewables, Digital Infrastructure, Logistics
The $298 billion New York State Common Retirement Fund is stepping up its real assets program, concentrating new commitments in infrastructure strategies tied to renewable energy, digital infrastructure, transportation and other core assets, alongside targeted real estate bets.
Stonepeak Partners secured two mandates to its renewable energy–focused platform: a $243.5 million commitment to Stonepeak Global Renewables Fund II, which has a global infrastructure remit, and an additional $80 million to Stonepeak Global Renewables Fund II Co-Investment, which will invest alongside the main fund.
Trustees also added $296 million to CVC DIF’s DIF Infrastructure VIII, following an initial $193.6 million allocation last year. The strategy invests more than half of its capital in Europe, targeting mid‑market opportunities in transportation, energy transition, digital infrastructure, healthcare, and utilities. DIF Value-Add IV received a separate $296 million commitment to its value‑add infrastructure strategy.
On the real estate side, NYSCRF extended its long‑running relationship with GCM Grosvenor, allocating up to $15 million to Arc Capital Partners II through the Empire GCM RE Anchor Fund. Arc Capital Partners invests in middle-market, value-add opportunities through recapitalizations, rescue capital, and direct investments.
Trustees also approved a $178 million commitment to EQT Exeter European Logistics Value Fund V, which will acquire or develop industrial logistics assets in select European markets.