New Mexico State Investment Council, Santa Fe, committed $240 million to debt and private equity funds, said Charles Wollmann, director of communications for legislative and client relations, in an email.
The council, which oversees $27.1 billion in endowments, committed up to $100 million to Oaktree Opportunities Fund XI, a distressed fund managed by Oaktree Capital Management; $100 million to credit fund Silver Point Specialty Credit Fund II, managed by Silver Point Capital; and $40 million to pan-European lower-middle-market buyout fund Bridgepoint Development Capital IV.
The council had $2.7 billion in private equity, excluding its in-state program, as of April 30 and has a 12% target allocation.
