New Mexico State Investment Council, Santa Fe, on Tuesday committed up to $210 million to three alternative investment funds.
The council manages $43 billion of endowments.
The council approved up to $100 million to KPS Special Situations VI, a buyout fund investing in restructurings, turnarounds and other special situations of manufacturing and industrial companies, and up to $50 million to KPS Special Situations Midcap Fund II, which will focus on similar but smaller companies. Both funds are managed by KPS Capital Partners.
The council also committed up to $60 million to Wing Four, an early-stage venture capital fund managed by Wing Venture Management.
Separately, the council renewed the contract of its real estate and real asset consultant, Townsend Group, for four years. Townsend's current contract for services was set to expire on June 30.