New Mexico Educational Retirement Board, Santa Fe, committed a total of $105 million to two real asset managers, said Bob Jacksha, CIO of the $13 billion pension fund in an email.
The board at its meeting on Thursday committed $80 million to Five Point Energy Fund III, a midstream energy fund. The pension fund invested in prior Five Point funds including Five Point Energy Fund I and Five Point Energy Fund II.
Pension fund officials also committed an additional $25 million to an infrastructure credit separate account managed by Stonepeak Infrastructure Partners. The separate account invests in discounted infrastructure debt. The board made an original commitment of $25 million to the separately managed account in 2017.