New Mexico Public Employees Retirement Association, Santa Fe, committed up to $50 million to KKR Global Infrastructure Investors II, managed by KKR & Co., said Jonathan Grabel, chief investment officer for the $14.5 billion pension fund.
The commitment is part of the pension fund’s real assets portfolio. The pension fund has a 5% target allocation to real assets; as of March 31, its actual allocation was 2.7%.
This is the first time the pension fund has invested with KKR.
