New Mexico SIC approves $100m commitment

The US sovereign wealth fund has backed a Europe-focused private equity fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
AUM: $26.63 billion
Allocation to private equity: 8.95%

New Mexico State Investment Council has approved a $100 million commitment to ICG Senior Debt Partners IV, a contact at the sovereign wealth fund informed Private Equity International.

The $26.63 billion US sovereign wealth fund has a 12 percent target allocation to private equity that currently stands at 8.95 percent.

As illustrated below, New Mexico SIC’s recent private equity commitments have been mainly to venture capital vehicles focused on investments in North America. Its chief investment officer is Robert Smith.

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