New Mexico to consider $340m in alts allocations

The $32 billion portfolio of the New Mexico State Investment Council (SIC), which includes the state’s permanent funds, is voting today on four new alternative investment allocations totaling $340 million in possible commitments.

Under consideration are: ICONIQ Strategic Partners VI, Carlyle Realty Partners IX, PIMCO BRAVO IV and Strategic Value Special Situations Fund V.

The proposed $40 million commitment to ICONIQ’s Fund VI would be the SIC’s first commitment to the ICONIQ Growth fund series. Fund VI fits into the portfolio’s growth equity category, which currently has a 10-25% target . . .

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