New Mexico taps real estate, private equity funds
The $36 billion New Mexico State Investment Council (NM SIC) selected two managers at its November meeting.
The Berkshire Bridge Loan Investors II-A fund was approved for a $50 million commitment within the real estate portfolio. This is a closed-end, co-investment vehicle that will invest alongside Berkshire Bridge Loan Investors II, which is a fund focused on continuing Berkshire’s multifamily direct lending strategy. In February, officials allocated $40 million to Berkshire Bridge Loan Investors II. The aim of this fund is to invest in first mortgages, whole loans and target a low teens . . .
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