New Mexico adds $30 million to PE exposure

The $36 billion New Mexico State Investment Council made two key allocations totaling $30 million at its March meeting.

Officials approved a $25 million commitment to ICONIQ Strategic Partners VII, which was recommended by consultants Mercer and RVK. The growth equity fund is focused on investing in technology companies addressing large market opportunities. For New Mexico the allocation would be its second commitment to a fund in the series and follows the fund’s 2021 commitment to . . .

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