New Mexico SIC approves $100m commitment

The US sovereign wealth fund has backed a Europe-focused senior debt vehicle.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
AUM: $26.63 billion
Allocation to alternatives: 18.33%

New Mexico State Investment Council has approved a $100 million commitment to ICG Senior Debt Partners IV, a contact at the sovereign wealth fund informed Private Debt Investor.

The $26.63 billion US sovereign wealth fund allocates 18.33 percent of its full investment portfolio to alternative investments.

As illustrated below, New Mexico SIC’s recent private debt commitments have been mainly to senior and subordinated debt funds focused on investments in the corporate sector. Its chief investment officer is Robert Smith.

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