State pension fund buying late billionaire's stakes in private equity firm

The New York State Common Retirement Fund agreed to pay as much as $350 million for Vista Equity Partners fund stakes tied to late billionaire Robert Brockman, an original investor in the private equity firm, according to people familiar with the matter. The pension fund for New York state workers is buying part of the $1.46 billion portfolio held by Point Investments, while Ardian SAS is considering buying a stake that c