NMERB commits $50m

The US retirement plan backed an infrastructure fund.

New Mexico Educational Retirement Board (NMERB) commits $50 million to Stonepeak’s Infrastructure Partners III.

NMERB has earmarked a total of $165 million to infrastructure investment since May 2017, including a separate account managed by Stonepeak and I Sqauare Global’s second infrastructure fund.

The pension fund currently allocates 1.8 percent of assets to infrastructure.

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