Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
Allocation to alternatives: 21.13%
New Mexico State Investment Council announced a commitment of $75 million to Bell Institutional Fund VII, a contact at the pension informed PERE.
The $26.85 billion sovereign wealth fund has a 12.0 percent target allocation to private real estate that currently stands at 9.75 percent.
As illustrated below, NMSIC’s previous five real estate commitments have comprised of two vehicles each focused on value-add and core-plus funds, with one vehicle pursuing an opportunity investment strategy.
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