# New York State Common Retirement Fund

New York State Common Retirement Fund is a Pension Fund based in Albany, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Albany, United States
- **Region:** North America
- **Address:** Albany, NY, United States
- **Founded:** 1921
- **Assets under management:** $295.4B (FYE Mar 31, 2026)
- **Website:** osc.ny.gov
- **LinkedIn:** https://www.linkedin.com/company/new-york-state-common-retirement-fund

## Regulatory record

- **Reports private funds:** No

## About

The New York State Common Retirement Fund (Fund) is one of the largest public pension plans in the United States, providing retirement security for nearly 1.3 million New York State and Local Retirement System (NYSLRS) members, retirees, and beneficiaries (per official website and May 2026 press release). Established in 1921 with the creation of the New York State Employees’ Retirement System, the Fund holds and invests the assets of the NYSLRS (ERS and PFRS) under the sole trusteeship of the New York State Comptroller (per ACFR historical notes and responsibilities page). As of March 31, 2026, the Fund achieved a record estimated value of $295.4 billion following an 11.94% fiscal-year investment return, with prior audited fiduciary net position of $273.1 billion as of March 31, 2025 (per OSC press release May 20, 2026, and 2025 ACFR). The portfolio is diversified across public equities (approximately 39%), fixed income/cash/mortgages, private equity, real estate/real assets, credit, and opportunistic strategies, targeting a long-term assumed rate of return of 5.9%—among the most conservative of major U.S. public plans. Headquartered in Albany, New York, the Fund prioritizes prudent long-term risk-adjusted returns, ethical governance, transparency, climate risk mitigation via a Climate Action Plan and sustainable investments program, emerging managers, and in-state economic development. Independent reviews affirm high standards of oversight, funded status strength (around 92% prior year), and effective management (per OSC fiduciary review and DFS report).

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Private Equity
- Hedge Funds
- Energy Transition & Renewables
- Secondaries & Special Situations
- Venture Capital

## People

- Thomas P. DiNapoli — New York State Comptroller and Sole Trustee
- Anastasia Titarchuk — Chief Investment Officer and Deputy Comptroller
- Navyug Patel — Deputy Chief Investment Officer
- Jennifer Cardiff — Director, Public Equities
- Joe T. Dawson — Director, Private Equity
- Andrew Siwo — Director, Sustainable Investments and Climate Solutions

## Questions

### Who manages the New York State Common Retirement Fund?

The New York State Comptroller serves as sole trustee. Day-to-day investment management is led by the Chief Investment Officer (Anastasia Titarchuk) and the Division of Pension Investment and Cash Management within the Office of the State Comptroller (per official contacts and responsibilities pages).

### When was the Fund established and what is its primary purpose?

The Fund traces to 1921 with the New York State Employees’ Retirement System. It holds and invests assets to pay retirement, disability, and death benefits for NYSLRS participants (per official website and ACFR).

### Where is the Fund headquartered and how is it governed?

Headquartered at 110 State Street, Albany, New York. Governance features the sole trustee model with independent advisory committees (Investment, Real Estate, etc.) providing oversight (per OSC pages and 2025 ACFR).

### Does the Fund disclose detailed financial reports?

Yes. Primary sources include the Annual Comprehensive Financial Report (latest for FY ended March 31, 2025), quarterly/monthly value and transaction reports, asset allocation details, and investment policies, all available on osc.ny.gov.

## Related profiles

- [Metlife Insurance Company Pension Plan](https://altss.com/profile/metlife-insurance-company-pension-plan)
- [State of Wisconsin Investment Board](https://altss.com/profile/state-of-wisconsin-investment-board)

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Last updated: 2026-07-17T21:29:30.000Z

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