New Mexico SIC approves $75m commitment

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

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
AUM: $26.85 billion
Allocation to alternatives: 21.13%

New Mexico State Investment Council announced a commitment of $75 million to New Mountain Partners VI, a contact at the sovereign wealth fund informed Private Equity International.

The $26.85 billion US sovereign wealth fund has a 12 percent target allocation to private equity that currently stands at 9.68 percent.

The table of fund commitments below lists the commitments that New Mexico SIC has made to private equity funds in 2020, totalling $265 million.

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