New Mexico State Investment Council, Santa Fe, committed a total of $308 million to four alternative investment funds, said Charles Wollmann, spokesman for the $27.9 billion endowments, in a email.
The council committed $125 million to HPS Specialty Loan Fund V, a core senior lending strategy managed by HPS Investment Partners. Council officials have invested with HPS in the past. Absolute-return consultant Aksia advised.
Separately, the council committed up to $100 million to FPA Core Plus V, a core-plus multifamily real estate fund managed by FPA Multifamily; and up to $75 million to iCON Infrastructure Partners V, a fund investing in brownfield, midmarket value-added infrastructure in Europe and the U.S.. Both are new relationships. Real assets consultant Townsend Group assisted.
The council also committed $7.5 million to Thayer Ventures III, an early-stage technology venture capital fund. The council made the commitment as part of its in-state venture capital program. Consultant Mercer advised.
In other news, the council is scheduled to launch an asset allocation study in March, with work expected to be completed by the end of its fiscal year on June 30.
The council also approved a subscription to BlackRock's Aladdin multiasset class risk platform.
