Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
AUM: $27.44 billion
Allocation to alternatives: 22.12%
New Mexico State Investment Council has approved $270 million-worth of private equity commitments across four vehicles, a contact at the sovereign wealth fund informed Private Equity International.
The commitments comprise $100 million each to Oaktree Opportunities Fund XI and Silver Point Specialty Credit Fund II, $30 million to Menlo Ventures XV and $40 million to Bridgepoint Development Capital IV.
The $27.44 billion US sovereign wealth fund has a 12 percent target allocation to private equity that currently stands at 10.67 percent.
As illustrated below, New Mexico SIC tends to favour commitments to North America-focused funds with diversified sectors.
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