NMSIC approves $100m in commitments

The US sovereign wealth fund has backed two real estate funds.

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Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
AUM: $28.44 billion
Allocation to alternatives: 19.15%

New Mexico State Investment Council has approved commitments of $60 million to Berkshire Multifamily Debt Fund III and $40 million to Berkshire Bridge Loan Investors II, a contact at the sovereign wealth fund informed PERE.

The $28.44 billion US sovereign wealth fund has a 12 percent target allocation to private real estate that currently stands at 9.48 percent.

As illustrated below, a majority of NMSIC’s recent commitments have been to value added, opportunity funds and debt funds in North America and Europe.

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