New Mexico ERB approves $140m in commitments

The US public pension has backed two North America, Asia and Europe focused private equity funds.

Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $12.50bn
Allocation to Alternatives: 41.40%
Bitesize: $50-100m

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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