--- title: New Mexico PERA Considers Increasing Private Equity Target, Asset Allocation Policy Adjustments description: New Mexico PERA Considers Increasing Private Equity Target, Asset Allocation Policy Adjustments. image: https://dakotafunds.com/hubfs/Imported_Blog_Media/kyle-hinkson-xyXcGADvAwE-unsplash-1.jpg --- [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) ** - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) # New Mexico PERA Considers Increasing Private Equity Target, Asset Allocation Policy Adjustments **Written by: ** Koncheng Moua, Director of Data Management and Strategy ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/kyle-hinkson-xyXcGADvAwE-unsplash-1.jpg) The New Mexico Public Employees Retirement Association is considering changes to the asset allocation policy, according to a recording from the September 29 Investment Committee meeting.  The recommended asset allocation policy modestly increases the risk profile by consolidating the credit oriented fixed income asset class, increasing exposure to private equity and private credit to take advantage of illiquidity premium opportunities, and decreasing exposure to liquid real assets.  Consultant, Wilshire, presented the recommended asset allocation policy that proposed the following changes to the asset allocation targets: **Global Equity: Increase from 35.5% to 38%** - Public Equity – Global: Decrease from 16.5% to 16% - Public Equity - Global Low Volatility: Decrease from 7% to 5% - Private Equity: Increase from 12% to 17% **Risk Reduction & Mitigation: Decrease from 19.5% to 17%** - Core US Bond: 17% - Core Global Bond: Decrease from 2.5% to 0% **Credit Oriented Fixed Income: Increase from 15% to 19%** - Global High Yield (Hedged): Increase from 2% to 4%  - Emerging Market Debt: Decrease from 3% to 0% - Alternative Credit: Increase from 4% to 7% - Private Credit: Increase from 6% to 8% **Real Assets: Decrease from 20% to 18%** - Liquid Real Assets: Decrease from 5% to 3% - Private Real Estate: 7% - Private Real Assets: 8% **Risk Parity: Decrease from 10% to 18%** - Multi Risk: Decrease from 10% to 8% *For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)!  * ** Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity) ### Recent Posts [EP Wealth Acquires Wacker Wealth Partners](https://dakotafunds.com/dakota-funds/fundraising-news/ep-wealth-acquires-wacker-wealth-partners) April 04, 2024 [JTP Capital Seeking Fundraising and CRM Database Management Assistant](https://dakotafunds.com/dakota-funds/fundraising-news/jtp-capital-seeking-fundraising-and-crm-database-management-assistant) April 04, 2024 [$700M Merrill FAs Depart to Sanctuary](https://dakotafunds.com/dakota-funds/fundraising-news/700m-merrill-fas-depart-to-sanctuary) April 03, 2024 [Greenbacker Capital Seeking Internal Sales Representative](https://dakotafunds.com/dakota-funds/fundraising-news/greenbacker-capital-seeking-internal-sales-representative) April 03, 2024 [NY Common Commits $550M to Venture Capital, Real Estate](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-550m-to-venture-capital-real-estate) April 03, 2024 ## Related Blogs February 26, 2024 #### New Hampshire Adds to Private Credit Target; Introduces Infrastructure Allocation The New Hampshire Retirement System has approved a new target allocation mix, according to meeting... 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[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/dallas-police-fire-pension-system-approves-changes-to-public-equity-structure) ![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Koncheng Moua, Director of Data Management and Strategy", "url" : "https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy" }, "dateModified" : "2024-04-04T23:17:09.946Z", "datePublished" : "2022-10-06T04:00:00.000Z", "headline" : "New Mexico PERA Considers Increasing Private Equity Target, Asset Allocation Policy Adjustments", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/kyle-hinkson-xyXcGADvAwE-unsplash-1.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/new-mexico-pera-considers-increasing-private-equity-target-asset-allocation-policy-adjustments", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```