Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
Allocation to alternatives: 41.80%
New Mexico Educational Retirement Board announced a commitment of $50 million to Tenex Capital Partners Fund III, a contact at the pension informed Private Equity International.
Additionally, a contract with NEPC was approved for private equity consulting.
The $13.60 billion US public pension has a 15.0 percent target allocation to private equity that currently stands at 15.70 percent.
NMERB has made eight commitments to funds with a 2019 and 2020 vintage, which combined constitute $540 million.
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