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NMSIC backs two RE funds

NMSIC re-upped commitment to Pacific Investment Management Company and Exeter Property Group.

The New Mexico State Investment Council (NMSIC) revealed in its meeting document that it committed $100 million to Pacific Investment Management Company’s BRAVO III and $62 million to Exeter Property Group’s Industrial Fund IV.

NMSIC has approximately 8.9 percent of assets allocated to real estate investments, representing $1.7 billion.

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