Monday, 26 January 2015
Last updated 2 days ago
Mar 21 2007 | 10:37am ET
The $11 billion Public Employees Retirement Association of New Mexico is committing a total of $90 million to a trio of hedge and private equity funds.
On March 13, New Mexico’s consultant, Cliffwater, recommended a $30 million investment with Satellite Fund II Class B, a multi-strategy hedge fund, and $30 million allocation to GoldenTree, a multi-strategy credit shop. Both mandates are funded from the system’s fixed-income portfolio.
Also, Cliffwater recommended a $30 million allocation to Sun Capital Partners V, a private equity buyout fund, to be funded from its equities portfolio.
All three investments are subject to approval of the firms’ legal documents by the system’s counsel.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…