New Mexico State Investment Council, Santa Fe, committed up to $215 million to three alternative investment funds, said Charles Wollmann, spokesman for the $32 billion endowment.
The council Tuesday committed up to $100 million to middle-market growth equity fund TA XIV-A and up to $40 million to TA Select Opportunities Fund II-A, both managed by TA Associates. TA Select Opportunities Fund II-A will recapitalize portfolio companies in other TA Associates funds. The fund will take minority growth equity positions in companies previously invested in by TA's funds as part of a full or partial exit led by another private equity firm.
The council also committed up to $75 million to Hellman & Friedman Capital Partners X, a North America and Europe large-cap buyout fund.
The council has previously invested with both managers.