NMERB approves $150m commitment

The US public pension has backed a North America focused fund.

Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $13.60bn
Allocation to alternatives: 41.80%
Bitesize: $100-200m

New Mexico Educational Retirement Board has announced a commitment of $150 million to PIMCO Corporate Opportunities Fund III, a contact at the pension informed Private Debt Investor.

The $13.60 billion US public pension has a 41.80 percent asset allocation to alternative investments. In 2019, the pension invested $100m in private debt. So far in 2020 $150 million has been committed towards private debt.

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