Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, US
AUM: $14.20 billion
Allocation to alternatives: 20.20%
The $14.20 billion US public pension has an 8 percent target allocation to private real estate that currently stands at 3.90 percent.
As illustrated below, the majority of NMERB’s recent real estate commitments have focused on North American and European vehicles targeting value-add and opportunistic returns.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.