New Mexico State Investment Council, Santa Fe, has committed up to $375 million to three alternative investments funds, said Charles Wollmann, spokesman for the $24.5 billion endowment, in an email.
The council committed up to $200 million to an infrastructure debt fund, Global Infrastructure Partners Spectrum, marking the council's first investment in an infrastructure debt fund. It has invested with GIP in the past.
The council also committed up to $75 million to global buyout fund Platinum Equity Capital Partners V, which has a $8 billion fundraising target. The council has invested with Platinum in the past, including in Platinum Equity Capital Partners II, III and IV.
Council officials also committed up to $100 million to buyout fund Advent International GPE IX managed by Advent International, a new relationship for the council. The fund has a $16 billion target and intends to invest in primarily in the U.S. and Europe.
Private equity consultant Pavilion Alternatives Group assisted with the private equity commitments. Real assets consultant Aksia assisted with the commitment to the GIP fund.