The New York State Common Retirement Fund is the third largest public pension plan in the United States, providing retirement security for over one million New York State and Local Retirement System (NYSLRS) members, retirees and beneficiaries.

The Fund's mission, values and investment philosophy have earned it the distinction of being one of the best-managed and best-funded plans in the nation. Since its establishment in 1921, the Fund's prudent investment management, solid returns, and constitutionally protected benefits have provided retirement security for generations of hard-working New Yorkers.

EMERGING MANAGER PROGRAM

The Emerging Manager Program of the New York State Common Retirement Fund (the Fund) invests with emerging managers directly, or with the assistance of managers of managers or program partners, in separately managed accounts or commingled funds. Program partners assist in the timely deployment of capital, perform due diligence and recommend managers to participate in the program. Each year, the Fund also seeks to graduate emerging managers to be mature direct investments by the Fund. More than 20 emerging managers have graduated from the Emerging Manager Program.

The program has identified common attributes of successful emerging managers based on a survey within the emerging manager community.

Our program has also compiled an Emerging Manager Definition and Life Cycle to assist in consistent screening, monitoring and progression of potential candidates for inclusion in the program.