The $35 billion New Mexico State Investment Council (SIC) approved commitments to three additional alternative investment funds as trustees seek to further diversify the investment program.
The real estate fund approved was the EQT Exeter Industrial Value Fund VI, which is in the process of raising $4 billion in capital. New Mexico SIC approved $100 million in what ends up being the fourth EQT fund investment for officials who said that the fund’s performance would be accretive to NM SIC’s return objectives given a target net return in the low double-digits. The fund will . . .
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