New Mexico State Investment Council, Santa Fe, made new alternative fund commitments totaling up to $680 million, spokesman Charles Wollmann said in an email.
The council at its Jan. 24 meeting approved commitments up to $225 million to middle-market buyout fund TA XV-A and up to $75 million to growth equity fund TA Select Opportunities Fund III-A, both managed by TA Associates; up to $160 million to EQT Infrastructure VI, an infrastructure fund managed by EQT Partners, and up to $60 million to its co-investment vehicle; up to $100 million to Almanac Realty Securities IX, a value-added real estate fund managed by Almanac Realty Investors; and up to $60 million to buyout fund Bain Capital Insurance Fund.
The council previously committed up to $100 million to TA XIV-A and up to $40 million to TA Select Opportunities Fund II-A in 2021, $100 million to EQT Exeter Industrial Core Plus Fund IV in 2022, $75 million to Almanac Realty Securities VIII in 2018 and $60 million to Bain Capital Tech Opportunities II in 2021.
The New Mexico State Investment Council oversees $38.7 billion in state endowment assets, including the $26 billion Land Grant Fund and the $6.6 billion Severance Tax Permanent Fund.
