Searches and Hires

New Mexico Educational Retirement Board slates $100 million to European private equity

New Mexico Educational Retirement Board, Albuquerque, N.M., hired Aberdeen Standard Investments to run a $100 million allocation to European private equity, Steve Neel, deputy CIO, confirmed Monday in a telephone interview.

In three years, Aberdeen Standard Investments will seek to invest in small- and midsize companies in Europe through a segregated portfolio of private equity funds and co-investments acquired in both primary and secondary markets.

The $12.9 billion New Mexico Educational Retirement Board's target allocation to private equity is at 13%.