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 . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
