New Mexico State Investment Council commits to buyout, oil and gas funds
By Arleen Jacobius | November 30, 2012 12:12 pm
New Mexico State Investment Council, Santa Fe, committed $75 million each to middle-market buyout fund Nordic Capital VIII and EnCap IX, a private equity oil and gas fund managed by EnCap Investments, said Charles Wollmann, spokesman for the $16 billion endowment.
The council had invested in Nordic Capital V; the EnCap commitment is the council's first with the manager.
Private equity consultant LP Capital Advisors assisted.
Separately, the investment council committed an additional $20 million to NMSIC Co-Investment Fund, an in-state venture capital fund run by consulting firm Sun Mountain Capital. The council made the additional commitment because the fund needed more capital to invest in New Mexico companies, according to a staff memo to the council.