NMSIC approves $140m in commitments

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
AUM: $31.27 billion
Allocation to alternatives: 18.21%

New Mexico State Investment Council has approved $140 million-worth of private commitments to two funds, a contact at the sovereign wealth fund informed Private Equity International.

The commitments comprised of $40 million to ICONIQ Strategic Partners VI and $100 million to Strategic Value Special Situations Fund V.

The $31.27 billion US sovereign wealth fund has a 12 percent target allocation to private equity that currently stands at 9.34 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 Europe.

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