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NMSIC commits $250m to Fortress Investment Group

The US pension commits capital across two Fortress vehicles, targeting asset-backed corporate lending opportunities.

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Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
AUM: $60.8 billion
Allocation to private debt: 8.33%

New Mexico State Investment Council (NMSIC) approved a commitment of up to $250 million at its latest state investment council meeting.

It committed $200 million to Fortress Investment Group’s Fortress Asset-Based Credit Fund II, along with an additional $50 million to a companion co-investment vehicle, according to a source at the pension.

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