NMSIC approves $200m in commitments to a pair of real estate funds

The New Mexican sovereign wealth fund has backed two opportunistic vehicles.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
$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 commitments comprised $100 million each to Carlyle Realty Partners IX and PIMCO Bravo Fund IV.

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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