NMSIC reveals plans for 2020

The US sovereign wealth fund makes plans for alternative assets for 2020.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
AUM: $24.63bn
Allocation to alternatives: 22.58%

New Mexico State Investment Council shares its potential plans for 2020 – “this is not absolute, as pacing can be impacted significantly by the multiple variables involved – money flowing into the fund, returns, and of course which managers are coming to market”, says a spokesman at New Mexico State Investment Council.

The $24.63 billion US sovereign wealth fund plans to commit $350 million to private equity, $225 million to real estate and $275 million to primarily energy and infrastructure fund investments for 2020. Currently, the NMSIC has a 22.58 percent current asset allocation to alternative investments, of which 11.64 percent is allocated to private equity. So far in 2019, three commitments for up to $275 million have been made for private equity investments.

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