New Mexico Educational Retirement Board’s investment committee on Thursday will consider committing between $25 million and $50 million each to private equity funds Strategic Value Global Opportunities II and Black Diamond Capital Management Opportunity III, and up to $30 million to real assets fund Ecosystem Investment Partners II, according to Bob Jacksha, chief investment officer at the $8.8 billion fund.
If approved, the commitment to the Ecosystem fund would be no more than 20% of its total capital commitments, Mr. Jacksha said.
All would be new relationships for the board. The Strategic Value fund focuses on European private equity investments valued between $25 million and $75 million. Black Diamond focuses on private equity investments of between $50 million and $100 million.