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 Nycers Form F556 2013

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I one of the biggest challenges for a company is getting to the next level today many banks are reluctant to lend money to small businesses to help them expand this is why New York State Controller DiNapoli has created a new credit fund to help small businesses stay and thrive in New York with 200 million from the new york state common retirement fund five other financial institutions this new fund will provide companies the financing they need to excel the new york state pension fund is one of the few across the country to engage with managers it provide multiple sources of capital to companies that call New York State home including small business loans equity investments and credit products the state pension fund has invested more than 800 million in more than 300 companies another 360 million in loans has helped more than 1,000 small businesses across the state these investment programs are a win-win the state pension fund is generating investment returns for more than 1 million me

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