New Mexico ERB approves $100m commitment

The US public pension has backed a North America and Europe focused private debt fund.

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Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $12.50bn
Allocation to Alternatives: 41.40%
Bitesize: $50-100m

New Mexico Educational Retirement Board announced a commitment of $100 million to Orbimed Royalty & Credit Opportunities III.

The $12.50 billion US public pension has 41.4 percent current allocation to alternative investments. As illustrated in the charts below, the pension has made its first commitment to a private debt fund in Q2 of 2019, amounting to $100 million.

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