New Mexico Educational Retirement Board, Santa Fe, committed $30 million to Edison Buyout Fund I, a technology-related buyout fund managed by growth equity manager Edison Partners, said Bob Jacksha, CIO of the $13.3 billion pension fund, in an email.
The board has invested in past Edison funds.
Separately, the board is launching a closed, staff-driven search for a derivatives manager following the board's approval in August to allow the use of derivatives and some leverage.
"Our policy allows up to 20% leverage, which would be achieved with derivatives, but it is unlikely we would ever approach the full allowance," Mr. Jacksha said. The size of the mandate and the timetable for the search has yet to be determined. The pension fund's general investment consultant NEPC is assisting.
