NMERB approves $50m commitment to TPG Real Estate Fund III

The US public pension has backed a global focused fund.

New Mexico Educational Retirement Board has announced a commitment of $50 million to TPG Real Estate Fund III.

The $12.8 billion US public pension has a 7 percent target allocation to private real estate that currently stands at 6.2 percent.

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