New Mexico Educational Retirement Board, Santa Fe, committed a total of $190 million to alternative investment funds, said Bob Jacksha, chief investment officer of the $12.2 billion pension fund, in an email.
Pension fund officials at their June 22 meeting committed $100 million to One William Street Credit Opportunity Fund, a credit fund managed by One William Street Capital Management. It's the board's first investment with the firm.
The board committed $50 million to ISQ Global Infrastructure Fund II, managed by I Squared Capital, which focuses on middle-market opportunities in the energy, utilities and transportation sectors.
The board also committed $40 million to Five Point Capital Midstream Fund III, a private equity energy fund managed by Five Point Capital Partners.