New Mexico SIC approves $100m commitment

The US sovereign wealth fund has backed a North America focused fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
AUM: $25.26bn
Allocation to alternatives: 22.58%
Bitesize: $100-200m

New Mexico State Investment Council announced a commitment of $100 million to Ares Energy Opportunity Fund.

The $25.26 billion US sovereign wealth fund has a 22.58 percent current allocation to alternative investments. As illustrated in the charts below, the pension has made four commitments to infrastructure funds in 2019, totaling $450 million.

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