New York State Common Retirement Fund (NYSCRF) has increased its real estate exposure with two new commitments totalling $192m (€162.6m).
According to a summary of investments approved in December 2025, NYSCRF placed €150m into the EQT Exeter Europe Logistics Value Fund V. This commitment is part of €3bn that EQT raised for the fund, which reached its hard cap limit.
NYSCRF said: “European industrial markets are benefiting from structural under supply of modern, logistics properties. Rent re-sets for high quality industrial assets have been notable while e-commerce in most European markets is early-stage creating new demand drivers.”
The pension has further expanded its real estate emerging manager programme with a $15m commitment to Arc Capital Partners Fund II.
According to sources familiar with the fund, Arc Capital Partners is seeking to raise $450m for the fund, which focuses on middle-market, value-add opportunities across the Sun Belt region of the US.
Fund II targets attainable housing, necessity retail and last-mile logistics through a mix of recapitalisations, rescue capital and direct investments executed alongside real estate operating partners.
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