State Comptroller DiNapoli Statement on Expansion of Geneva-Based RealEats into New Facility

June 16, 2022

“RealEats is a homegrown New York success story. It is meeting the growing consumer demand for healthy, easy-to-prepare dinner options that arrive at your door, many created with fresh food from the Finger Lakes,” New York State Comptroller Thomas P. DiNapoli said. “The state pension fund has invested nearly $8 million in RealEats because the company is generating results and shows significant potential as demand for online meal services increases. We’re proud to help this New York business expand into a new facility. We’re putting pension dollars to work in every corner of our state, while generating solid investment returns so public workers can have a secure retirement.” Through its In-State Private Equity Investment Program, the New York State Common Retirement Fund partners with investment firms to invest in private New York companies. State Comptroller DiNapoli invested $7.8 million in RealEats in five separate investments through its partners Armory Square Ventures and Hamilton Lane. The state pension fund has invested $1.6 billion in more than 500 companies through its private equity program, generating a 10% internal rate of return since 2001.