New Mexico State Investment Council related stories
All articles and analysis
New Mexico SIC allocates $275m for private equityNew Mexico’s $14bn oil and gas endowment, a long-time investor in private equity, hasn’t made a commitment since early 2009. SIC wants to commit to six funds over the next 12 months.
- New Mexico pension exec draws loan scrutiny
Bruce Malott, a board member with New Mexico's Educational Retirement Board, took a personal loan from the father of a placement agent doing business with the pension.
- New Mexico SIC targets firms, advisors for recovery
The $14bn oil and gas endowment has hired Day Pitney to pursue fee and investment loss recovery from private equity firms to which SIC committed capital based on reasons ‘other than great returns’.
- New Mexico seeks legal recourse on placement debacle
The state oil and gas endowment is seeking a firm to help it investigate and possibly pursue legal action in the wake of a pay-to-play scandal.
- New Mexico SIC charts return to private equity
The $14bn oil and gas endowment could start making private equity commitments in the third quarter after suspending its alternatives programme in 2009.
- New Mexico CIO quits amid pay-to-play inquiry
A member of the pension said Gary Bland had been found to have pressured investment firms to hire certain placement agents.
- New Mexico Educational ends recommended commitments
The $7.6bn pension has terminated $150m in recommended commitments from its former private equity advisor Aldus Equity.
- Indiana commits to Mesa West debt fund
The pension, with assets of $16bn as of 30 June 2008, made more than $300m of commitments in the past month, including to a debt fund from Mesa West Capital. The Mesa West fund, which is reportedly targeting up to $500m, is expected to close in the coming months, sources say.
- SEC widens kick-back probe to examine pensions, financial firms
Goldman, Credit Suisse, UBS and Merrill Lynch are reportedly among the firms from which the US financial regulatory agency has requested information about work done in exchange for fees.
- US government joins growing pay-to-play investigation
The US attorney in New Mexico is demanding documents from New Mexico’s $11.8bn State Investment Council relating to investment activity and specifically in connection to Aldus Equity, the embattled financial advisor caught up in pension pay-to-play scandal rocking the private equity world.