New Mexico approves private credit consultant RFP

The $35 billion New Mexico State Investment Council is seeking a private credit consultant for its growing $4 billion-plus non-core fixed income portfolio.

Aksia is the incumbent consultant for the program, although the firm was initially hired in 2016 to oversee hedge fund investments, a portfolio that has shrunk as private credit has grown. The non-core fixed income portfolio is currently being built out to a target allocation of 15.2%, officials said.

Separately, officials allocated over $400 million to a variety of private fund asset classes including real estate, credit and . . .

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