New Mexico SIC restructures real return portfolio for better opportunities
The
pension plan also made new allocations to its private equity portfolio
The
pension plan also made new allocations to its private equity portfolio
The
pension plan approved approx. $1bn commitments at the recent meeting
Max
commitments within private equity as the system has slowing interest in VC opposed
to special situations
Vince Smith, chief investment officer of the New Mexico State Investment Council, is in a very unusual situation. His inflows are actually exceeding his outflows by billions. The question is, what will he do with the extra money?
Vince Smith will be speaking at the Markets Group 9th Annual Southwest Institutional Forum in Santa Fe Oct. 29-30.
The $523.5bn system reveals 2025
plans for its real estate, private equity and infrastructure plans, amid new
commitments.
The $52.4bn system has committed $250m to specialty finance opportunities, early-stage investments in private companies and other strategies focused on publicly listed companies.
The $16.3 billion system added bank loans and long-term government bond strategies in its fixed income sleeve, and reduced allocation to real assets sleeve.
Reductions made to private equity targets.
State
Investment Council votes unanimously on fund commitments, drops Franklin
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