New Mexico ERB approves $50m commitment

The US public pension has backed a multi-regional focused real estate fund.

Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $12.50bn
Allocation to Alternatives: 41.40%
Bitesize: $10-50m

New Mexico Educational Retirement Board announced a commitment of $50 million to Lone Star Real Estate Fund VI.

The $12.50 billion US public pension has a 7.0 percent target allocation to private real estate that currently stands at 6.4 percent. As illustrated in the charts below, the pension has made its first commitment to real estate in Q2 of 2019, totaling $50 million.

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