New Mexico SIC approves $175m in commitments

The sovereign wealth fund has backed two multi-regional focused private equity funds.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
AUM: $23.25bn
Allocation to alternatives: 23.68%

New Mexico State Investment Council announced commitments of $100 million to Advent International GPE IX and $75 million to Platinum Equity Capital Partners V.

As illustrated in the charts below, the $23.25 billion US sovereign wealth fund has an 11 percent target allocation to private equity that currently stands at 11.28 percent. Recently a total of $275 million was committed by New Mexico SIC in the first quarter of 2019 to private equity funds.

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