New Mexico State Investment Council, Santa Fe, committed $355 million to four alternative investment funds, said Charles Wollmann, spokesman for the $26 billion endowment, in an email.
The council committed up to $105 million to opportunistic energy fund Carlyle International Energy Partners II, comprised of $65 million to the main fund and a $40 million co-investment managed by Carlyle Group. The fund has a $4 billion fundraising target.
New Mexico State Investment Council has invested with Carlyle in the past, including up to $100 million to a core real estate fund Carlyle Property Investors Fund in September.A
The council also committed up to $100 million to North American energy fund Ares Energy Opportunity Fund, managed by Ares Management. The fund will invest in upstream and midstream energy companies. The fund has a $1 billion target and a $1.5 billion hard cap.
At its Oct. 22 meeting, New Mexico SIC also committed up to $75 million each to Blackstone Real Estate Partners Europe VI managed by Blackstone Group and TA Select Opportunities Fund-A managed by TA Associates. The Blackstone fund is targeting €8 billion to €9 billion for opportunistic real estate investments in Europe. The TA Select Opportunities Fund will invest in investments companies in other TA private equity funds. The fund will make minority growth equity investments in companies previously invested in by TA's private equity funds that are experiencing a full or partial exit led by an independent third-party money manager. The council has invested with Blackstone and TA in the past.