New Mexico Commits $100M To Hedge, Private Equity Funds

Nov 5 2007 | 12:32pm ET

The board of the $13 billion Public Employees Retirement Association of New Mexico last month committed $100 million to three alternative investment vehicles.

The board awarded a $35 million mandate to Canyon Value Realization Fund, a credit oriented hedge fund, and a $35 million mandate to Marathon Special Opportunities Fund, a global distressed securities hedge fund. Both commitments are being funded from the system’s fixed-income portfolio.

On the private equity front, the board committed $30 million to Natural Gas Partners Fund IX, a real asset partnership targeting investments primarily in upstream oil and gas companies. The system is also funding this commitment from its fixed income portfolio.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of