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