The $27 billion New Mexico State Investment Council approved two additional commitments to private equity - an asset class that remains over its 11% target asset weighting.
Officials are allocating $100 million to the New Mexico Recovery Fund. Staffers have assessed potential areas where the state’s permanent funds might be invested in a targeted manner, to support the state’s short-term economic challenges and long-term economic environment.
The options for investment are limited, officials wrote in a memo to trustees, but staff concluded that there is capacity for a New Mexico Recovery Fund . . .
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