US- Officials at the New York State Common Retirement Fund are looking for firms to be on the receiving end of over $500m the state has allocated for in-state businesses.
The in-state fund is meant to have the "double bottom-line" of boosting returns while propping up the local economy.
Di Napoli said: "First and foremost, we're generating solid returns for the pension fund. But these investments also help foster the next generation of great New York state companies. We have a half-billon dollars we want to invest in innovative, cutting-edge technology that's being developed by the best minds in New York."
The Common fund teams with private equity managers to find attractive investments in New York State.
The program has returned 30% for the Common Fund.
The program has also raised more than $3bn of additional investments through its co-investment funds.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.