---
title: New Mexico SIC Commits $400M to Alts
description: New Mexico SIC Commits $400M to Alts
---

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# [New Mexico SIC Commits $400M to Alts](https://dakotafunds.com/dakota-funds/fundraising-news/new-mexico-sic-commits-400m-to-alts)

 Written by [John Washington, Data Research Analyst](https://dakotafunds.com/dakota-funds/author/john-washington-data-research-analyst) | May 08, 2023

The New Mexico State Investment Council will commit up to $400 million across three alternatives funds, according to meeting materials from the April 25 board meeting. 

Up to $50 million was committed to the venture capital fund, TCG Crossover Fund II, managed by The Column Group. Mercer assisted with investment recommendation. 

Up to $300 million was committed to the private credit fund, Silver Rock Tactical Allocation Strategy, managed by Silver Rock Financial. Meketa  assisted with investment recommendation.

Lastly, up to $150 million was allocated to the real estate fund, Oaktree Real Estate Opportunities Fund IX, managed by Brookfield l Oaktree. Townsend  assisted with investment recommendation.

As of February 28, 2023, the Investment Council was valued at approximately $42 billion.

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