The $13 billion State of New Mexico Public Employees Retirement Association has committed $85 million to a trio of private equity funds.
At its board meeting on June 20, the pension approved a $30 million allocation to Quantum V, an exploration and production private equity fund, as well as $25 million to Starwood VIII, a global opportunistic real estate fund, and $30 million to Selene Partners, a distressed whole loan mortgage fund.
By Gurvinder Singh and Bijesh Amin -- Historically, despite all the cited benefits (liquidity, transparency, control over assets, independent pricing etc.), the managed account model has not attracted the best managers. More...
Jeffrey McDermottJeffrey McDermott, formerly of UBS, has launched Greentech Capital Advisors, LLC, billed as a pure-play investment bank and advisory firm dedicated to alternative energy and cleantech companies. More...