Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
Allocation to Alternatives: 41.40%
New Mexico Educational Retirement Board announced commitments of $40 million to Raine Partners III and $100 million to Orbimed Royalty & Credit Opportunities III.
The $12.50 billion US public pension has a 13.0 percent target allocation to private equity that currently stands at 14.8 percent. As illustrated in the charts below, the pension has made two commitments to private equity in Q2 of 2019, totaling $140 million.
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