Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
AUM: $31.27 billion
Allocation to alternatives: 18.21%
New Mexico State Investment Council has approved $200 million-worth of commitments to a pair of real estate funds, a contact at the sovereign wealth fund informed PERE.
The $31.27 billion US sovereign wealth fund has a 12 percent target allocation to private real estate that currently stands at 8.87 percent.
As illustrated below, the majority of NMSIC’s recent real estate commitments have targeted North American and European vehicles.
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