New Mexico Educational Retirement Board, Santa Fe, committed $60 million to EIG Energy Fund XVI, a private equity fund managed by EIG Global Energy Partners, said Bob Jacksha, chief investment officer for the $10.1 billion pension fund in an e-mail.
The board's investment committee at its Sept. 12 meeting also committed $35 million to natural resources fund Lime Rock Resources III. The fund is expected to invest in oil and gas properties.
Separately, the board's investment committee committed $25 million to a real estate-related fund, Realterm Global's Realterm Logistics Fund.
The board invested $40 million in the previous EIG fund. These are the first commitments to the Lime Rock and Realterm funds.
The committee is redeeming about $19 million in total market value from two open-end funds, Prologis Targeted U.S. Logistics and European Logistics Real Estate funds. Factors leading to the decision include significant changes at Prologis since its merger with AMB Property in 2011. The pension fund originally invested with AMB before the merger.