New Mexico State Investment Council commits $125 million
By Arleen Jacobius | October 19, 2012 11:47 am
New Mexico State Investment Council, Santa Fe, committed $75 million to private equity fund Pine Brook Capital Partners II, run by Pine Brook Partners, and $50 million to Almanac Realty Securities VI, a real estate fund managed by Almanac Realty Investors, stated Charles Wollmann, director of communications for the $15.2 billion endowment fund.
Pine Brook Capital is a new relationship for the investment council. The fund aims to invest growth capital in energy and financial services companies.
Almanac invests in convertible debt and equity of real estate companies. Almanac's sixth fund has a target of more than $800 million.