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.