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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR