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New York City Retirement Systems
The New York City Retirement Systems operates as a public defined-benefit pension plan. Brad Lander holds the roles of trustee, custodian and investment...
New York City Retirement Systems
The New York City Retirement Systems operates as a public defined-benefit pension plan. Brad Lander holds the roles of trustee, custodian and investment advisor. Allocations include limited partner positions in Blackstone Real Estate Partners VI, EQT Exeter Industrial Core-Plus Fund IV and RREEF Core Plus Industrial Fund. Additional holdings cover Basis Investment Group real estate funds and a joint venture with Community Preservation Corporation to preserve rent-stabilized housing in New York City. Geographic exposure centers on the United States with select global infrastructure and commodities positions. The system maintains an emerging manager program advised by Bivium Capital Partners. It participates in the Council of Institutional Investors and Climate Action 100+. September 2024: Spoke at the CII Fall 2024 Conference on corporate governance. Governance flows through the Office of the New York City Comptroller, which has acted as investment advisor and custodian since 1921.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
New York
Principals
Brad Lander
NYC Comptroller; Trustee, Custodian, and Investment Advisor
Steven Meier
Chief Investment Officer and Deputy Comptroller for Asset Management
Michael Garland
Assistant Comptroller for Corporate Governance and Responsible Investment
Sector focus
Frequently asked questions
Who runs investment decisions at New York City Retirement Systems?
Brad Lander serves as trustee, custodian and investment advisor. Steven Meier acts as chief investment officer.
Does New York City Retirement Systems participate in fund commitments or only direct deals?
The system invests primarily as a limited partner in real estate and infrastructure funds. It also holds joint venture interests such as the Community Stabilization Partners vehicle.
What investment stages does New York City Retirement Systems typically target?
The system targets long-term private market commitments consistent with pension liability matching. Ticket sizes range from $50 million to $300 million.
Where does the underlying wealth come from?
Assets derive from contributions and investment returns of New York City public employee retirement plans.
How is New York City Retirement Systems related to the Office of the New York City Comptroller?
The Office of the New York City Comptroller serves as investment advisor and custodian, a relationship in place since 1921.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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