NYSTRS Approves New PE Investments

The board of the $89 billion New York State Teachers’ Retirement System (NYSTRS) approved several new investments at its Oct. 26 meeting, according to Investment Management Weekly, a sister publication. The board approved private equity investments of up to $50 million in Doughty Hanson & Co. V, up to $200 million in Hellman & Friedman Capital Partners VI, up to $100 million in Nautic Partners VI, up to $75 million in TSG 5 and up to $25 million in Valhalla Partners II. The board also approved two real estate investments of up to $50 million in U.S. Industrial REIT II and up to $50 million in CPI Capital Partners North America. The board went on to authorize the system’s executive director, George Philip, to enter into agreements with four global real estate public securities managers. LaSalle Investment Management, RREEF, Citigroup Property Investors and European Investors will each manage up to $100 million for NYSTRS.