New Mexico Educational Retirement Board, Santa Fe, committed $105 million to alternative investment funds, said Bob Jacksha, chief investment officer for the $11.7 billion pension fund, in an e-mail.
The pension fund board at its Sept. 22 meeting committed $50 million to private equity fund Riverside Strategic Capital Fund I, managed by Riverside Co. This is the pension fund’s first investment with Riverside, which specializes in buyouts and recapitalizations of smaller middle-market companies.
New Mexico Educational also committed $30 million to Bluescape Energy Recapitalization and Restructuring Fund III, a natural resources fund. This is a first commitment to a Bluescape Energy Partners fund.
The pension fund also committed $25 million to real estate fund Crow Holdings Retail Fund II. It has invested in two previous funds managed by Crow Holdings Capital Partners.