New Mexico Educational Retirement Board. Santa Fe, committed $150 million to Andromeda Fund IV, said Bob Jacksha, CIO of the $16 billion pension fund.
Andromeda Fund IV is an infrastructure fund-of-one managed by CBRE, the pension fund's infrastructure consultant. This is the fourth fund in which New Mexico ERB has invested with CBRE.
The pension fund had 3.9% invested in infrastructure as of June 30.