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New Mexico SIC approves $125m commitment

The US sovereign wealth fund has backed an open-ended North America focused fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
AUM: $24.63bn
Allocation to alternatives: 22.58%
Bitesize: $100-200m

The New Mexico State Investment Council approved a commitment of $125 million to Lion Properties Fund.

As illustrated in the charts below, the $24.63 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 two commitments to real estate funds in 2019, which combined constitute $200 million.

Platinum subscribers may click here for the sovereign wealth fund’s full profile, including key contacts, allocation strategy and fund investments.