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NMSIC approves $215m in commitments

The US sovereign wealth fund has backed three vehicles in its latest round of commitments.

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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 commitments of $100 million to TA XIV, $75 million to Hellman & Friedman Capital Partners X and $40 million to TA Select Opportunities Fund II, a contact at the sovereign wealth fund informed Private Equity International.

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, a majority of the institution’s recent commitments have been to funds focused on diversified and TMT 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.