New Mexico Public Employees Retirement Association, Santa Fe, committed up to $100 million to EnCap Energy Capital Fund XI, an oil and gas fund managed by EnCap Investments, according to recently posted information on the $14.9 billion pension fund's website.
New Mexico PERA has invested in prior EnCap funds, minutes from the May 25 investment committee meeting show.
Separately, officials for the retirement system's $553 million deferred compensation plan added Prudential Retirement Real Estate Fund II, a private real estate core fund, as a replacement for Invesco (IVZ) Global Real Estate Fund, a fund that invests in real estate investment trusts and which managed $12.1 million in a real estate strategy in the plan's lifecycle portfolios. The decision was made after a search that was launched in September.
Jude Perez, interim chief investment officer for New Mexico PERA, and Karyn Lujan, deferred compensation plan manager, could not be reached by press time.