NMERB approves $160m in commitments

Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, US
AUM: $14.20 billion
Allocation to alternatives: 20.20%

New Mexico Educational Retirement Board has approved $160 million-worth of commitments to private equity funds, a contact at the pension informed Private Equity International.

The commitments comprised $40 million to Arctos Sports Partners Fund I; $60 million to Edison Fund X; $50 million to Industry Ventures Partnership Holding VI; and a $10 million in a top-up commitment to Lightyear V (the pension previously committed $50 million to the fund).

The $14.20 billion public pension has a 15 percent target allocation to private equity that currently stands at 16.3 percent.

As illustrated below, the majority of the institution’s recent private equity commitments have been to funds focused on diversified sectors in North America and Western Europe.

Platinum subscribers may click here for the public pension’s full profile, including key contacts, allocation strategy and fund investments.