NMSIC commits $100m to value-add fund

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

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, US
$38.8 billion
Allocation to Real Estate: 8.87%

New Mexico State Investment Council has committed $100 million to Bell Value-Add Fund VIII, according to meeting materials from the sovereign wealth fund.

Founded in 1976, Bell Partners is a Greensboro-headquartered real estate firm, targeting residential properties in the US.

NMSIC previously committed to the GP with a $75 million commitment to the Bell Institutional Fund VII.

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