New Mexico ERB approves $30m commitment

The US public pension has backed a North America focused fund.

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 has announced a commitment of $30 million to Edison Partners Buyout Fund I.

The $12.50 billion US public pension has a 13.00 percent target allocation to private equity that currently stands at 14.80 percent. As illustrated in the charts below, the fund has made nine commitments to private equity funds in 2019, which combined constitute $510 million.

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