New Mexico SIC approves $120m in commitments

The US sovereign wealth fund has backed a multi-regional and a North America-focused fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
AUM: $25.26bn
Allocation to alternatives: 22.58%

New Mexico State Investment Council announced commitments of $100 million to KPS Special Situations V and $20 million to Phoenix Venture Partners III.

As illustrated in the charts below, the $25.26 billion US sovereign wealth fund has an 11.00 percent target allocation to private equity that currently stands at 11.64 percent. A total of $395 million was committed by New Mexico SIC to private equity in 2019.

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