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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.

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