New Mexico State Investment Council, Santa Fe, hired managers for a $2.4 billion international equity allocation and committed $265 million to alternative investments, said Charles Wollmann, director of communications for the $17.3 billion endowment in an e-mail.
Hired for the international equity allocations were DuPont Capital Management to run about $480 million in emerging markets and AllianceBernstein to manage about $360 million in emerging markets index strategies.
The council also is investing about $240 million each for international equity with LSV Asset Management in developed markets large-cap value; MFS Investment Management in developed markets large-cap growth; T. Rowe Price in international core enhanced index; Franklin Templeton Investments in all-country ex-U.S. small cap; BlackRock in emerging markets; and AllianceBernstein in developed markets index.
Schroder Investment Management will run roughly $120 million in developed markets large-cap growth equity.
The hires were the result of an RFP the council launched in March 2012.
Separately, the council committed $100 million each to EIG XVI, an energy private equity fund managed by EIG Global Energy Partners and Credit Suisse for a floating rate debt, bank loan investment to be part of its real-return portfolio, Mr. Wollmann stated.
The council also committed €50 million ($65 million) to Perella Weinberg Real Estate Fund II, managed by Perella Weinberg Partners. This is the council's first commitment to a Europe-only real estate fund.
This is in keeping with the council's plan this year to invest in distressed situations in Europe.
“We feel that PW is a strong partner to invest with in this space,” Mr. Wollmann wrote.
“We've made private equity commitments with European distressed exposure over the last six months and several of our debt managers” have European exposure, he wrote.