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.

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