New Mexico Public Employees hires 2 alternatives consultants

New Mexico Public Employees Retirement Association, Santa Fe, hired Albourne Partners and TorreyCove Capital Partners to serve as its alternative investment consultants, said Jonathan Grabel, chief investment officer for the $14.2 billion pension fund.

Albourne is the pension fund's consultant for real assets and hedge funds, except credit-oriented hedge funds. TorreyCove is the consultant for illiquid credit and credit-oriented hedge funds.

New Mexico PERA's board hired the two firms at its Dec. 29 meeting following an RFP launched in June. They replace Cliffwater. The pension fund has a 20% target allocation to real assets and a 15% credit allocation.