New Mexico SIC approves niche tech-focused alts funds

The $35 billion New Mexico State Investment Council has selected four additional alternatives strategies this month with a total of over $200 million in fresh capital allocations to private credit, venture and private equity strategies.

The first approved allocation was $75 million to Sixth Street Growth Partners II, a fund managed by Sixth Street, a $52 billion investment firm that already manages private credit and private equity assets for the state investment portfolio. The firm plans to raise $3.5 billion in investor commitments in the fund that seeks to provide bespoke capital solutions to high performing . . .

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