New Mexico Educational Retirement Board, Santa Fe, plans to launch an RFI for an infrastructure consultant, with a selection expected in the third or fourth quarter of 2015, said Stephen J. Neel, deputy chief investment officer, alternative assets for the $11.4 billion pension fund, in an e-mail.
Caledon Capital Management is the incumbent. Further information was unavailable by press time. Caledon will be invited to rebid.
Separately, the pension fund rehired Real Asset Portfolio Management as its real estate and natural resources consultant following an RFP in March. Pension fund officials conducted the search because Real Asset Portfolio Management’s contract was expiring.
Pension officials also renewed Brookfield Asset Management’s contract for four more years to manage a roughly $250 million real estate investment trust portfolio. The pension fund’s investment procurement policy requires investment contracts to be reauthorized every four years.
