Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
Allocation to alternatives: 21.13%
New Mexico State Investment Council announced a commitment of $50 million to Bain Capital Tech Opportunities Fund, a contact at the sovereign wealth fund informed Private Equity International.
As illustrated in the charts below, the $26.85 billion US sovereign wealth fund has a 12.00 percent target allocation to private equity that currently stands at 9.68 percent. So far in 2020 a total of $190 million was committed by New Mexico SIC to private equity.
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