(updated with correction)
New Mexico Public Employees Retirement Association, Santa Fe, committed up to $60 million to real estate opportunity fund KSL Capital Partners IV and up to $150 million to 57 Stars for an emerging markets private equity separate account, said Jonathan Grabel, chief investment officer for the $14.5 billion pension fund.
KSL Capital is a new relationship for the pension fund. The 57 Stars separate account is the association’s first private equity separate account, Mr. Grabel said.
