The New Mexico State Investment Council approved allocations across two real estate funds and a single real return offering at its latest November meeting.
The $30 billion portfolio includes a 10% target allocation or $3 billion to real estate investments. Trustees approved two new mandates -- Blackstone BioMed Life Science Real Estate ($50 million) and KKR Real Estate Partners America III ($75 million).
The Blackstone commitment would be comprised of $25 million from existing exposure to BioMed through Blackstone Real Estate Partners VIII and an additional $25 million commitment. BioMed is the second largest owner of . . .
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