NMSIC approves $125m commitment

The US sovereign wealth fund has backed a North America private debt fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
AUM:
$28.44 billion
Allocation to alternatives: 19.15%

New Mexico State Investment Council has approved a commitment of $125 million to Cerberus Real Estate Debt Fund, a contact at the sovereign wealth fund informed Private Equity International.

The $28.44 billion US sovereign wealth fund has a 19.15% allocation to alternatives.

As illustrated below, a majority of the sovereign wealth fund’s recent commitments have been to funds focused on senior debt and subordinated/mezzanine debt.

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