The $28 billion New Mexico State Investment Council approved allocations to five different alternative investment funds totaling $375 million in new commitments.
Within private debt, the system approved a $100 million allocation to ICG Senior Debt Partners IV, within New Mexico’s non-core fixed income portfolio and upon the advice of consulting firm Aksia.
Two private equity allocations were also approved. A commitment of up to $75 million to KKR’s Asian Fund IV LP was decided upon at trustees October meeting. The largest fundraise among KKR’s Asia private equity fund series . . .
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