New Mexico Public Employees Retirement Association, Santa Fe, committed up to $120 million to two funds, said Jonathan Grabel, chief investment officer.
The $14.8 billion pension fund committed up to $70 million to Charterhouse Capital Partners X and up to $50 million to Atalaya Special Opportunities Fund VI.
This is the pension fund's first investment with Atalaya Capital Management. Atalaya's fund will invest in illiquid credit. New Mexico PERA has made other investments with Charterhouse Capital Partners, including Charterhouse Capital Partners IX. Charterhouse makes private equity investments in Europe.
Cliffwater, the pension fund's private equity consultant, assisted.