New Mexico SIC Commits $500M to Alts

The New Mexico State Investment Council approved the investment of $500 million across four alternative investment funds, per minutes from the March 26th board meeting. 

DCVC Climate Select, a venture capital strategy, was allocated $50 million. 

$200 million was allocated to Ares Specialty Healthcare Fund, a private equity strategy managed by Ares Management. 

An additional $150 million was allocated to Silver Rock Tactical Allocation Strategy, a private credit strategy managed by Silver Rock Financial.  

Lastly, $100 million was allocated to ACORE Credit Partners II, a real estate strategy managed by ACORE Capital. 

Consultants Mercer and Meketa assisted with the investments.

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