Global private equity and venture capital news and research

NM State Investment Council could commit $500m to private equity next year

19 Dec 2013

money dollar lend borrowNew Mexico State Investment Council is reportedly planning to commit $500m to private equity funds next year.

New Mexico SIC could allocate $750m in new commitments over the next 18 months after a year of strong distributions, which pushed its private equity portfolio further below its 10 per cent target, said Dow Jones.

The investment council has also made a commitment to a fund managed by TDR Capital, said the report.

Funds backed by New Mexico include Nordic Capital’s Fund VIII and Platinum Equity Partners’ third fund, which has received $75m from the LP.

Copyright © 2013 AltAssets


Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014