New Mexico State Investment Council, Santa Fe, committed a combined $212 million to three alternative investment funds, said Charles Wollmann, spokesman for the $24.3 billion endowments.
The council committed €75 million ($87 million) to Aermont Capital Real Estate Fund IV, which focuses on opportunistic real estate investments in Europe. The New Mexico State Investment Council invested with the firm in the past before its July 2015 spinoff from alternative investment firm Perella Weinberg Partners.
The council also committed $75 million to value-added U.S. real estate fund Asana Partners Fund II. The firm has a $600 million fundraising target for its latest fund that is expected to invest in street retail properties in cities or in neighborhoods close to cities. The council had committed $75 million to Asana Partners Fund I.
Real estate consultant Townsend Group assisted with the commitments.
Separately, the council committed $50 million to North American buyout fund Vista Equity Partners Fund VII, managed by Vista Equity Partners Management. The fund will invest in upper-middle-market and large-cap software companies. The council made commitments to two of Vista's earlier funds: $100 million each to Vista Equity Partners Fund V and Vista Equity Partners Fund V. Private equity consultant Pavilion Alternatives Group assisted.
The endowments have 10% allocations each to real estate and private equity.