New Mexico SIC Commits $400M to Alts

The New Mexico State Investment Council will commit up to $400 million across three alternatives funds, according to meeting materials from the April 25 board meeting. 

Up to $50 million was committed to the venture capital fund, TCG Crossover Fund II, managed by The Column Group. Mercer assisted with investment recommendation. 

Up to $300 million was committed to the private credit fund, Silver Rock Tactical Allocation Strategy, managed by Silver Rock Financial. Meketa  assisted with investment recommendation.

Lastly, up to $150 million was allocated to the real estate fund, Oaktree Real Estate Opportunities Fund IX, managed by Brookfield l Oaktree. Townsend  assisted with investment recommendation.

As of February 28, 2023, the Investment Council was valued at approximately $42 billion.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

New call-to-action

Written By: John Washington, Data Research Analyst

John Washington is the Data Research Analyst at Dakota.

logo-1

The leading intelligence platform on institutional and RIA data