NMSIC approves $75m commitment

The US sovereign wealth fund has backed a value-add fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
AUM:
$34.5 billion
Allocation to alternatives: 18.34%

New Mexico State Investment Council has approved a commitment of $75 million to Asana Partners Fund III, a contact at the sovereign wealth fund informed PERE.

The $34.5 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, NMSIC’s private real estate commitments have been primarily to North American vehicles employing a variety of strategies.

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