New Mexico Public Employees Retirement Association, Santa Fe, committed about $270 million to alternative investments, said Jonathan Grabel, chief investment officer for the $14.5 billion pension fund.
Pension fund officials committed up to $200 million to a direct lending fund of one managed by credit manager Tennenbaum Capital Partners. This is New Mexico PERA’s first investment with Tennenbaum Capital Partners.
The pension plan also committed €65 million ($71 million) to Antin Infrastructure Partners III. This is PERA’s first investment with Antin Infrastructure Partners.