New York City Retirement Systems have increased commitments to minority and women-owned business enterprises, or MWEBs, to nearly $8 billion, or nearly 47% over three years, city Comptroller John Liu said Thursday.

Speaking at his bureau of asset management’s manager conference at the United Federation of Teachers headquarters in lower Manhattan, Liu touted his office’s emerging manager program in private equity, a program designed to directly invest in MWBE-managed funds and emerging funds of up to $750 million.

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