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 announced $215 million-worth of private debt commitments to three vehicles, a source at the pension informed Private Debt Investor.
The commitments comprise of $100 million to Vista Credit Opportunities Fund III, $75 million to BPC Tactical Fund and $40 million to Banner Ridge DSCO Fund I (in addition to an existing $40 million).
The US public pension has a 41.80 percent asset allocation to alternative investments.
As illustrated below, the pension fund has historically committed to subordinated/mezzanine debt focused funds in North America.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.
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