Technology

NMSIC approved $375m in private real estate commitments

The commitments include $100m each to IPI Data Center Partners III, Alterra IOS Venture III and KKR Real Estate Partners Americas IV.

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Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
AUM: $43.9 billion
Current allocation to real estate: 8.6%

New Mexico State Investment Council has approved multiple private real estate commitments during its September 26 State Investment Council meeting, with a $100 million each going to IPI Data Center Partners III, Alterra IOS Venture III, and KKR Real Estate Partners Americas IV. It also committed $50 million to an unnamed co-investment vehicle managed by IPI Partners and $25 million to another co-investment vehicle managed by Alterra Property Group. In the past, NMSIC committed $75 million to KKR Real Estate Americas fund III and II, and $100 million to IPI Data Center Partners II.

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