New Mexico backs Landmark Equity Partners XV with $100m


dollar4_sqThe New Mexico State Investment Council (NMSIC) has backed Landmark Partners’ latest secondaries fund with $100m, AltAssets has learned.

At the latest meeting of the investment council, NMSIC approved a $100m commitment to Landmark Equity Partners XV.

The fund was launched in 2012 with a $2.5bn target, making it $500m larger than the previous secondaries vehicle raised by landmark.

Earlier this year, Landmark Equity Partners XV recieved a $400m commitment from the New York City Retirement Systems.

A recent survey by Setter Capital showed that the volume of secondary private equity transactions was far higher in the first half of 2013 than previous reports suggested.

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