The New York State Common Retirement Fund, Albany, has made 15 commitments totaling $4.6 billion to alternative investments, according to a notice posted on the website of Thomas P. DiNapoli, the state comptroller and sole trustee of the $267.7 billion pension fund. All commitments were made in September.

The pension fund made five opportunistic absolute return strategy commitments for a total of $1.8 billion. The commitments are:

TPG Solutions (A), managed by TPG Capital, for $500 million. This fund “invests exclusively” in general partner-led transactions, the website said. TPG is an existing relationship.

Empire Opportunistic Secondary Fund, for $360 million, managed by Blue Owl Capital on behalf of the New York pension fund. This is a separately managed account “with a broad mandate” to manage “secondary opportunities” identified by the New York pension fund, the website said. Blue Owl is an existing relationship.

Blue Owl Strategic Equity Partners for $300 million, managed by Blue Owl Capital. This is a closed-end commingled fund “focusing on single-asset general partner-led secondaries” managed by Blue Owl Strategic Equity Partners Advisors.

General Catalyst Group XII, managed by General Catalyst Group Management, for $300 million. The General Catalyst Group XII funds are commingled vehicles.

General Catalyst is a new relationship.

General Catalyst Excelsior Fund, managed by General Catalyst Group Management, for $300 million. The General Catalyst Excelsior Fund is a fund-of-one co-investment vehicle to the General Catalyst Group XII funds. They invest “primarily in early and growth-stage companies across the technology, healthcare and fintech sectors with a geographic focus in North America,” the website said.

The pension fund made four credit commitments for a total of $1.2 billion. The commitments are:

Neuberger Berman Loan Adviser Holdings IV (Delaware), managed by Neuberger Berman Investment Advisers, for $300 million. This fund will primarily invest in the equity of collateralized loan obligations originated by Neuberger Berman’s Non-Investment Grade Credit team. Neuberger Berman is an existing relationship.

FP Credit Partners III Aggregator, managed by Francisco Partners Management, for $300 million. FP Credit Partners III invests in senior secured direct lending to primarily middle market companies that the firm knows well from their longstanding private equity relationships, the website said. Francisco Partners is an existing relationship.

OCU Empire Fund, managed by ORIX Advisers, for $300 million. This is a fund-of-one managed on behalf of the New York pension fund by ORIX USA, a new relationship. OCU Empire Fund “provides flexible debt capital to well-equitized, high-growth, late-stage tech companies (that are) underserved by traditional lenders,” the website said.

Blackstone Capital Opportunities Fund V, managed by Blackstone Group, for $250 million. This fund will “primarily extend loan packages to performing companies in the upper/middle-market,” the website said. Blackstone is an existing relationship.

The New York Pension Fund made three private equity commitments for a total of $816 million.

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