The New Mexico Educational Retirement Board committed $450 million to six alternatives asset managers during May and June, Bob Jacksha, CIO, confirmed in an email.
He specified that the $16.3 billion public pension plan had made a $100 million commitment to a multi-asset SMA with Orchard Global Asset Management, and a $100 million commitment to Lyric Capital Royalty Fund II, a music royalty fund managed by private equity firm Lyric Capital Group. These commitments fell under the fund’s diversifying assets strategy.
In the private equities class, New Mexico committed $50 million . . .
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