New Mexico Educational Retirement Board, Santa Fe, invested $200 million each with Robeco and Parametric Clifton for emerging markets equity portfolios, said Bob Jacksha, chief investment officer of the $11.2 billion pension fund, in an e-mail.
An RFP was issued in July. Robeco was the incumbent, managing $400 million; its contract was set to expire in March.
The pension fund also committed $140 million to alternative investment funds.
Pension fund officials committed $50 million to Gramercy Argentina Opportunity Fund, a credit fund managed by Gramercy Funds; $40 million to Lexington Capital Partners VIII, a private equity fund that invests on the secondary market managed by Lexington Partners; and an additional $25 million each to funds managed by existing real estate managers Kildare Partners and Hammes Co. The board made the new commitments as a result of asset allocation targets adopted over the summer. The pension fund already had committed $125 million to Kildare European Partners I and $25 million to Hammes Partners II.
