---
title: New Mexico Educational Retirement Board Commits $150 Million
description: New Mexico Educational Retirement Board Commits $150 Million
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# New Mexico Educational Retirement Board Commits $150 Million

**Written by: ** Morgan Holycross, Marketing Manager 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/ethan-wright-magoon-l0iyYnf5l3w-unsplash%20(3).jpg)

At the October 31 2023 board meeting, New Mexico Educational Retirement Board disclosed a $150 million commitment to Andromeda Fund V. 

The investment will sit as part of the infrastructure portfolio for the retirement system.

As of June 30 2023, the Retirement Board allocates 51.4% to alternatives, with a target allocation of 47%.

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights)

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