New Mexico State Investment Council Commits $1.31B to Alts

The New Mexico State Investment Council disclosed ten recent commitments, totaling $1.31 billion to alternatives, according to materials from the November 28th State Investment Council meeting. 

In private equity, $50 million was committed to Lead Edge Capital VI, $75 million to TPG Healthcare Partners II, $10 million to Dangerous Ventures NM I, and $75 million in aggregate to three Khosla Ventures funds - Khosla Ventures Seed F, Khosla Ventures VIII, and Khosla Ventures Opportunity II. 

In real estate, $100 million was committed to Northbridge Partners Fund IV and $50 million to Northbridge Partners Fund IV Co-Invest. 

Within real assets, $25 million was committed to Sandbrook Climate Infrastructure Fund I and $25 million to Sandbrook Climate Infrastructure Fund I Co-Invest. 

Additionally, in private credit, $400 million was committed to Golub Capital, and $400 million was committed to Bain Capital Global Special Situations SMA with an additional $100 million to a co-investment vehicle.

The fund's private equity consultant - Mercer, real estate consultant - Townsend, private credit consultant - Meketa, and general consultant - RVK all assisted with the decisions. 

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