NMERB approves $50m commitment

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

Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $13.60bn
Allocation to alternatives: 41.80%
Bitesize: $50-$100m

New Mexico Educational Retirement Board announced a commitment of $50 million to Crow Holdings Realty Partners IX, a contact at the pension informed PERE.

The $13.60 billion US public pension has an 8.0 percent target allocation to private real estate that currently stands at 6.40 percent.

As illustrated below, NMERB has made five commitments to private real estate vehicles with a 2018, 2019 or 2020 vintage, which combined constitute $320 million.

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