New Mexico Educational Retirement Board, Santa Fe, committed $100 million to private equity fund TPG Growth III and a total of $107.5 million in commitments to real asset funds, said Bob Jacksha, chief investment officer for the $11.4 billion pension fund, in an e-mail.
The real asset investments are: $40 million to real estate fund Ram Realty Partners IV; $37.5 million to natural resources fund EnerVest Energy Institutional Fund XIV; and $30 million to Sares-Regis Multifamily Value-Add Fund II. EnerVest is a new manager. The pension fund made previous investments with Ram Realty and Sares-Regis.
TPG Growth III is expected to make small and midmarket growth equity and buyout investments. The pension fund has invested in prior TPG funds.
