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NMERB approves $50m commitment

The US public pension has backed a North America focused fund.

Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $13.60bn
Allocation to alternatives: 41.80%
Bitesize: $50-$100m

New Mexico Educational Retirement Board announced a commitment of $50 million to Stonepeak Infrastructure Fund IV, a source at the pension informed Infrastructure Investor.

The US public pension has a 41.80 percent asset allocation to alternative investments.

The LP has made five commitments to funds with a 2019 vintage, which combined constitute $275 million.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.