New Mexico Educational Retirement Board, Santa Fe, committed $200 million to two alternative investment funds, said Bob Jacksha, chief investment officer for the $11.7 billion pension fund, in an e-mail.
The board committed $100 million to Top Tier Capital Partners for a venture capital fund-of-funds separate account that would also invest on the venture capital secondary market. This is the pension fund’s first investment with Top Tier.
The board also committed an additional $100 million to Kildare European Partners II, a distressed real estate fund managed by Kildare Partners. The pension fund had originally made a $40 million commitment to Kildare European Partners II in May. New Mexico Educational had also invested in the first fund.