New Mexico State Investment Council, Santa Fe, approved a pair of commitments to alternative investments totaling up to $200 million, confirmed Charles Wollmann, spokesman for the $60.4 billion sovereign wealth fund.
Both are private equity commitments to buyout funds, and both are new relationships for the council. Both were approved by council members at their monthly meeting March 25.
The council committed up to $125 million to Atlas Capital Resources V, a middle-market fund managed by Atlas Holdings that focuses on taking control positions in companies “undergoing financial or operational stress,” a council document said.
The council also committed up to $75 million to Invictus Growth Fund II, a lower-middle-market fund managed by Invictus Growth Partners “that targets majority control and minority control investments” in various technology fields, the document said.
