NMERB approves $100m in commitment

NMERB has backed a North America focused separate account.

Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $13.60bn
Allocation to alternatives: 41.80%
Bitesize: $50-100m

New Mexico Educational Retirement Board has announced a commitment of $100 million to a private equity focused separate account managed by BlackRock.

The $13.60 billion US public pension has a 15.0 percent target allocation to private equity that currently stands at 15.7 percent.

As illustrated in the charts below, the fund has made eleven commitments to private equity funds in 2019 and one commitment in 2020, which combined constitute $910 million.

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