New Mexico Commits To Three Alternatives Funds

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.


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note