Searches and Hires

New Mexico State Investment Council taps Affinity Asian buyout fund

New Mexico State Investment Council, Santa Fe, committed $100 million to buyout fund Affinity Asia Pacific Fund V, managed by Affinity Equity Partners, said Charles Wollmann, spokesman for the $22.7 billion endowments.

Affinity's fifth fund will invest in upper-middle-market companies in South Korea, Australia and New Zealand, Southeast Asia and China. The fund has a $5 billion target. The council has invested with Affinity in the past.

Private equity consultant Pavilion assisted.