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New Mexico ERB approves $300m in commitments

The US public pension has backed two North America focused funds.

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Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $12.50bn
Allocation to alternatives: 41.40%
Bitesize: $50-100m

New Mexico Educational Retirement Board has announced commitments of $150 million each to Cloverlay co-investment and AE Industrial Aerospace Aggregator Fund.

The $12.50 billion US public pension has a 13.00 percent target allocation to private equity that currently stands at 14.80 percent. As illustrated in the charts below, the fund has made eleven commitments to private equity funds in 2019, which combined constitute $810 million.

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