---
title: New Mexico ERB Commits to $50M to Private Equity
description: New Mexico ERB Commits to $50M to Private Equity.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/albuquerque_pensions-1.jpg
---

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# New Mexico ERB Commits to $50M to Private Equity

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/albuquerque_pensions-1.jpg)

The New Mexico Educational Retirement Board has committed $50 million to Industry Ventures Secondary Fund X.

Industry Ventures focuses on secondary opportunities in venture growth.

As of March 31, 2023, the $15.6 billion Retirement Board has an actual and target allocation to private equity of 22.3% and 17% respectively.

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