New York City Comptroller Brad Lander Announces Investment with NYC Investment Manager, American Triple I (ATI)
Investment made through Emerging Manager Fund-of-Fund Program
New York, NY – New York City Comptroller Brad Lander today announced that, through its Infrastructure Emerging Manager Fund-of Fund Program, four of the New York City retirement systems (New York City Employees’ Retirement System; Teachers’ Retirement System of the City of New York; New York City Police Pension Fund; and New York City Board of Education Retirement System) have made an investment into an infrastructure investment vehicle managed by American Triple I (ATI).
The investment is a part of the Comptroller’s Bureau of Asset Management’s (BAM) Emerging and Diverse Manager program, which invests nearly $20 billion with emerging and diverse managers across all asset classes on behalf of the New York City retirement systems.
“I am excited to announce this critical investment with one of the nation’s high-caliber emerging and diverse asset managers,” said New York City Comptroller Brad Lander. “We are confident that American Triple I will help us meet our goal to deliver strong results for our investment portfolio.”
“This deal wins the triple crown—an impactful investment with an up-and-coming and diverse asset manager,” said Bryan Berge, representative of Mayor Eric Adams, chair of the Board of Trustees of the New York City Employees’ Retirement System and trustee for the Teachers’ Retirement System for the City of New York and the New York City Police Pension Fund. “As a trustee, it is thrilling when these opportunities arise, and we look forward to seeing this investment improve the lives of residents”
“As an asset class, infrastructure has presented exciting opportunities for our pension systems while delivering on our promise to secure strong, risk-adjusted returns for our members and beneficiaries. Our partnership with ATI will allow us to invest in world-class infrastructure” said Petya Nikolova, Deputy Chief Investment Officer and Head of Infrastructure.
“Increasing access to opportunity for high-performing diverse and emerging asset managers to work with has been an important priority of the Comptroller’s Office,” said Taffi Ayodele, Director of Diversity, Equity, Inclusion and Emerging Manager Strategy. “We are excited to begin a relationship with ATI.”
BlackRock Infrastructure Solutions serves as the infrastructure multi-manager for all five of the New York City retirement systems, partnering on emerging manager investment opportunities.
“We are pleased to partner with the New York City retirement systems, one of the country’s largest pension systems, and to work with BlackRock Infrastructure Solutions to facilitate this opportunity for ATI,” said David J. Cibrian, Managing Partner of American Triple I (ATI).
About the New York City Retirement Systems and the Comptroller’s Bureau of Asset Management
The New York City retirement systems, referred to hereafter as “the Systems,” are the City of New York’s five public pension funds serving nearly 800,000 members and beneficiaries and are collectively the third largest public pension plan in the United States. As of June 30, 2024, the four aforementioned Systems in aggregate have approximately $253.82 billion in assets under management.
The Comptroller’s Bureau of Asset Management oversees the investment portfolio for each system and related defined contribution funds and works closely with the Board of Trustees of each pension fund and their consultants on matters of asset management and allocation for each System. The Systems’ portfolios are managed predominantly by external investment managers, and are largely invested in publicly traded securities, with additional allocations to private equity, real estate, infrastructure, hedge funds, and alternative credit (opportunistic fixed income) investments.
About American Triple I
American Triple I (ATI) is an investor, owner, developer and manager of infrastructure assets and infrastructure-focused companies. ATI is committed to serving its investor partners and communities by deploying capital into infrastructure projects and businesses throughout the United States. The firm generally targets value-add, lower middle market opportunities that aim to spur economic development in markets across the U.S. as well as larger opportunities where the experience of the firm and its principals brings unique value to the transaction.
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