NMERB approves $50m commitment

The US public pension has backed a North America-focused fund.

Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $13.60 billion
Allocation to alternatives: 41.80%

New Mexico Educational Retirement Board confirmed $50 million commitment to Industry Ventures Secondary Fund IX, a source at the pension informed Private Equity International.

The US public pension has a 15.0 percent target allocation to private equity that currently stands at 15.70 percent.

As illustrated below, the pension fund has historically committed to North America-focused funds.

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