NMSIC approves $75m commitment

The US sovereign wealth fund has backed a North America-focused venture debt fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
$34.5 billion
Allocation to alternatives: 18.34%

New Mexico State Investment Council has approved a $75 million commitment to Sixth Street Growth Partners II, a contact at the sovereign wealth fund confirmed to Private Debt Investor.

The fund, managed by Sixth Street, was launched this month and is seeking to raise $3.5 billion.

As illustrated below, the sovereign wealth fund’s recent commitments have been made to venture and distressed debt vehicles targeting investments in North America and Europe.

Platinum subscribers may click here for the sovereign wealth fund’s full profile, including key contacts, allocation strategy and fund investments.