Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $13.3 billion
Allocation to alternatives: 22%
New Mexico Educational Retirement Board has invested $70 million in funds from Bain Capital and Edison Partners, according to the institution.
The system pledged up to $50 million to Bain Capital Fund XIII, which is focused on multiple sectors in North America. Fund XIII is targeting $9 billion, according to Private Equity International data.
New Mexico ERB also committed $20 million to Edison Partners VII, which invests in the financial services, healthcare and TMT sectors in North America.
As illustrated below, private equity makes up 16 percent of New Mexico ERB’s $12.8 billion fund.
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