Monday, 23 January 2017
Last updated 11 min ago
Jun 12 2007 | 3:37pm ET
The Public Employees Retirement Association of New Mexico is committing a total of $95 million to three hedge and private equity funds, according to minutes from today’s investment committee meeting.
The $11 billion system is making an allocation of $35 million allocation to Mariner Partners, a fixed-income arbitrage hedge fund, to be funded from its fixed-income portfolio. The system is also committing $30 million to Kelso Investment Associates VIII, a p.e. fund focused on buyouts of medium-sized companies, to be funded from its equities portfolio. Also, a $30 million allocation was made to JMI Equity Fund VI, a venture capital fund focused on later stage companies, to be funded from its equities portfolio.