New York City Comptroller William C. Thompson, Jr., on behalf of four New York City Retirement Systems, today announced the commitment of up to $110 million to Landmark Equity Partners XI, L.P., a private equity fund which was formed to acquire, principally on a negotiated basis, seasoned interests in buyout, venture and mezzanine assets through secondary market transactions.

This represents individual commitments of $55 million by the New York City Employees’ Retirement System (NYCERS), $30 million by the Teachers’ Retirement System of the City of New York (TRS), $20 million by the New York City Police Pension Fund, and $5 million by the New York City Fire Department Pension Fund.

The City’s five Retirement Systems have holdings of more than $80 billion.

Besides Thompson, trustees on the Fire Department Pension Fund are: Mayor Michael Bloomberg; New York City Fire Commissioner Nicholas Scoppetta (Chair); New York City Finance Commissioner Martha E. Stark; Stephen Cassidy, President, James Slevin, Vice President, Robert Straub, Treasurer, and John Kelly, Brooklyn Representative and Chair, Uniformed Firefighters Association of Greater New York; Peter Gorman, President and Captains’ Rep., Nicholas J. Visconti, Chiefs’ Rep., and Stephen J. Carbone, Lieutenants’ Rep., Uniformed Fire Officers Association; and, Joseph Gagliardi, Marine Engineers Association.

In addition to Thompson, trustees on the Police Pension Fund are: Mayor Michael Bloomberg; New York City Finance Commissioner Martha E. Stark; New York City Police Commissioner Raymond Kelly (Chair); Patrick Lynch, Patrolmen’s Benevolent

Association; Michael Palladino, Detectives Endowment Association; Edwin Mullins,Sergeants Benevolent Association; Anthony Garvey, Lieutenants Benevolent Association; and, John Driscoll, Captains Endowment Association.

Serving with Thompson on the NYCERS board are: New York City Finance Commissioner Martha E. Stark (Chair); New York City Public Advocate Betsy Gotbaum; Borough Presidents C. Virginia Fields (Manhattan), Helen Marshall (Queens), Marty Markowitz (Brooklyn), Adolfo Carrion (Bronx), and James Molinaro (Staten Island); Lillian Roberts, Executive Director, District Council 37, AFSCME; Roger Toussaint, President Transport Workers Union Local 100; and, Carroll (Carl) Haynes, President, International Brotherhood of Teamsters, Local 237.

In addition to Thompson, trustees on the TRS board are: New York City Finance Commissioner Martha E. Stark (Chair); Deputy Chancellor Kathleen Grimm, New York City Department of Education; Phillip Berry, New York City Department of Education’s Panel for Educational Policy; and, Sandra March, Melvyn Aaronson and Mona Romain, of the United Federation of Teachers.

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