The New Mexico Educational Retirement Board (NMERB) has expanded its alternative investment exposure by $250 million with its latest hires.
The investment committee approved a $150 million commitment to the PIMCO Corporate Opportunities Fund II as part of the $13 billion retirement system’s opportunistic credit allocation. The opportunistic credit portfolio makes up 18% of assets or roughly $2 billion.
Within private equity, trustees approved a $100 million commitment to a BlackRock co-investment within a separate account, according to Bob Jacksha, chief investment officer for the Albuquerque-based retirement board.
Private equity . . .
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