New Mexico SIC approves $75m commitment

The US public pension has backed a North America focused fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
AUM: $23.25bn
Allocation to alternatives: 23.68%
Bitesize: $50-100m

The New Mexico State Investment Council announced a commitment of $75 million to Ares Real Estate Enhanced Income Fund.

As illustrated in the charts below, the $23.25 billion US public pension has a 12 percent target allocation to private real estate that currently stands at 9.29 percent. New Mexico State Investment Council made two recent commitments focused on real estate, which combined constitute $175 million.

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