NMSIC approves $50m commitment

The US sovereign wealth fund has backed a North America private equity fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
$28.44 billion
Allocation to alternatives: 19.15%

New Mexico State Investment Council has approved a commitment of $50 million to JMI Equity Fund X, a contact at the sovereign wealth fund informed Private Equity International.

The $28.44 billion US sovereign wealth fund has a 12 percent target allocation to private equity that currently stands at 9.67 percent.

As illustrated below, a majority of the sovereign wealth fund’s recent commitments have been to funds focused on technology in North America.

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