New Mexico ERB approves $100m commitment

The US public pension has backed a multi-regional focused infrastructure fund.

Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $12.50bn
Allocation to alternatives: 41.40%
Bitesize: $50-100m

New Mexico Educational Retirement Board has announced a commitment of $100 million to Andromeda Co-Investment Fund III.

The $12.50 billion US public pension has a 41.4 percent current allocation to alternative investments. As illustrated in the charts below, the pension has made its first commitment to an infrastructure fund in Q2 of 2019, totaling $100 million.

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