New Mexico SIC Commits $980M to Alts
Written by: Helen Bascom, Marketing Associate
The New Mexico State Investment Council approved ten commitments to alternatives, totaling $980 million, according to recent meeting minutes.
In venture capital, $20 million was committed to Airbus Ventures Fund IV and $50 million to Upfront VIII.
In private credit, $150 million was committed to Silver Point Specialty Credit Fund III and an additional $150 million to Torchlight Debt Fund VIII.
In private equity, $100 million was committed to SK Capital Partners VI, $75 million to Brightstar Capital Partners Fund III, $75 million to Bain Capital Life Sciences Fund IV, and $100 million to LS Power Equity Partners V.
Additionally, in real estate €200 million ( $214.8 million) was committed to Ares European Property Enhancement Partners IV. And in real assets, $45 million was invested in EQT Infrastructure VI.
Private equity consultant Mercer, real estate consultant Townsend, and general consultant Meketa assisted with the recommendations.
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