New Mexico Public Employees Retirement Association, Santa Fe, committed up to $45 million to buyout fund Onex Partners IV and up to $50 million to Wheelock Street Real Estate Fund II, said Julian Baca, deputy chief investment officer, in an e-mail.
New Mexico PERA is an investor in prior Onex Corp. funds. It is the pension fund's first commitment to a Wheelock Street Capital fund.
Separately, pension fund officials put C.S. McKee on watch for performance reasons. C.S. McKee manages $340 million in an active domestic large-cap value equity portfolio. Gene Natali Jr., senior vice president at C.S. McKee could not be reached for comment by press time.
The pension fund board also decided that its securities lending pool should be used to pay down the unrealized losses for impaired securities and to expand the guidelines for its securities lending pool slightly to allow the lending of securities in Austria, Belgium, and Australia.