New Mexico plugs into energy, real estate and private equity funds

The New Mexico State Investment Council selected Carlyle, Ares, Blackstone and TA Associate offerings to further the $23 billion retirement system’s real return, real estate and private equity portfolios at its October board meeting.

The Carlyle Group’s Carlyle International Energy Partners II fund and the Ares Energy Opportunity Fund. The firms are understood to have won commitments totally roughly $200 million.

In Carlyle’s case the allocation totals $105 million as $65 million will go to the fund and another $40 million will go directly to a co-investment. Carlyle’s long running . . .

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