New Mexico State Investment Council, Santa Fe, made a total of $285 million in private equity, real estate and credit commitments to five funds.
The investment council committed $75 million to private equity fund Coller International Partners VI; $75 million to Prudential Real Estate Investors' PRISA core open-end real estate fund; $50 million each to credit funds Sankaty Credit Opportunities Fund V and Waterfall Eden Fund; and $35 million to Lion Industrial Trust, a real estate fund managed by Clarion Partners, said Charles Wollmann, spokesman for the $15.59 billion investment council in an e-mail.
Coller Capital's Coller International Partners expects to invest in the private equity secondary market. The investment council previously committed $30 million to Coller International Partners IV. Private equity consultant LP Capital Advisors assisted.
This is the investment council's second commitment to PRISA, bringing its total commitment to the $13 billion real estate fund up to $100 million, according to a memo to the investment council for its April 24 meeting. Real estate consulting firm Townsend Group assisted.
Sankaty Advisors, a subsidiary of private equity firm Bain Capital, is the general partner of the Sankaty credit fund which aims to invest in higher-yielding credit and special situations resulting from market dislocations and/or stressed and distressed corporate debt. Waterfall Asset Management's Waterfall Eden fund invests in multisector asset-backed securities.
R.V. Kuhns assisted in both the Waterfall and Sankaty commitments.
Lion Industrial Trust is an open-end real estate fund that invests in industrial assets, according to a memo to the investment council for its April 24 meeting. Townsend Group assisted.