The New Mexico Public Employees’ Retirement Association is considering committing $40 million to Draper Fisher Jurvetson and HIG Bayside.
The $10.5 billion pension’s investment committee is recommending a $20 million commitment to the HIG Bayside Loan Opportunity Fund II, a distressed debt investment vehicle. It’s not clear how much HIG is targeting for the fund.
New Mexico PERA’s investment committee also is recommended committing $20 million to Draper Fisher Jurvetson X, which is targeting $400 million for venture investments.
DFJ lowered its initial target for its 10th fund from $600 million. The firm raised $650 million for its 9th fund in 2007.
New Mexico PERA recently set aside $100 million for private equity investments this year. The pension has a 5 percent target to private equity and an actual allocation of 2 percent.
New Mexico pension considers $40m commitment
The $10.5bn pension's investment committee is considering committing to Draper Fisher Jurvetson and HIG Bayside.
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