New Mexico Educational Retirement Board, Santa Fe, committed $130 million total to three alternatives funds, said Bob Jacksha, chief investment officer.
In private equity, the $11.1 billion pension fund committed $40 million to Ares Corporate Opportunities Fund V, managed by Ares Management, and $50 million to Tenex Capital Partners II, managed by Tenex Capital Management.
In real estate, the pension fund committed $40 million to Lone Star Real Estate V, managed by Lone Star Funds.
The pension fund, which has an 11% private equity target and 7% real estate target, has previously committed to other Ares, Tenex and Lone Star funds.
