New Mexico State Investment Council, Santa Fe, committed a total of up to $110 million to two alternative investment funds, said Charles Wollmann, spokesman for the $35 billion endowment, in an email.
The council committed up to $60 million to Bain Capital Tech Opportunities II, a private equity fund focused on investing in technology and technology-enabled businesses, primarily in North America.
The council has invested with Bain Capital in the past, including commitments of $50 million each to Bain Capital Fund XIII and Bain Capital Tech Opportunities, both in 2020.
The council also made a $50 million to Berkshire Bridge Loan Investors II-A, a co-investment vehicle that would invest alongside Berkshire Bridge Loan Investors II, a multifamily real estate direct lending fund managed by Berkshire Residential Investments. The co-investment fund would invest mainly in first mortgages and whole loans.
The council had committed $40 million to Berkshire Bridge Loan Investors II in February.
