New Mexico SIC approves $75m commitment

The US sovereign wealth fund has backed a Europe focused fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
AUM: $25.26bn
Allocation to alternatives: 22.58%
Bitesize: $50-100m

The New Mexico State Investment Council announced a commitment of $75 million to Blackstone Real Estate Partners Europe VI.

As illustrated in the charts below, the $25.26 billion US sovereign wealth fund has a 12 percent target allocation to private real estate that currently stands at 9.17 percent. New Mexico State Investment Council made a total of five commitments to real estate funds in 2019, which combined constitute $475 million.

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