The $37 billion New Mexico State Investment Council approved a private credit and a private equity investment at its Sept. 27 meeting.
The moves come as one-year returns through July 31 dipped to 0.24%, according to investment performance reports shared during the meeting. For the calendar year through July, the overall portfolio is down 7.75%.
Non-core fixed income has been a bright spot in the investment portfolio with gains of 3.44% for the year ending June 30, 2022. In that portfolio, Intermediate Capital Group’s ICG Senior Debt Partners Fund . . .
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