In late June, trustees for the New Mexico State Investment Council approved four alternative investment allocations, including an allocation to the fund’s first venture capital commitment to its national private equity portfolio in more than a decade.
Menlo Ventures XV received a $30 million commitment from the $27 billion system. The firm has backed successful start-ups such as Warby Parker and Uber.
According to spokesman Charles Wollmann, the council overseeing the state employees’ pension assets has been very focused on leveraged buyout and growth equity funds. He added that while the New Mexico . . .
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