Thursday, 27 August 2015
Last updated 27 min ago
Aug 5 2008 | 12:15pm ET
The $13 billion State of New Mexico Public Employees Retirement Association is upping its commitments to private equity funds while it bids farewell to one hedge fund manager.
The plan is committing $25 million to Lincolnshire Equity Fund IV, a middle-market U.S. buyout fund; €17 million (approx $25 million) to Nordic Capital Fund VII, which is focused on investments in Northern Europe; and $25 million, plus fees, to Morgan Stanley Real Estate Fund VII Global.
On the hedge fund front, the plan is redeeming its investment in the Pendragon (Lancelot) Fund, a London-based event-driven hedge fund focused on small- to mid-cap European companies. The fund committed $35 million to Pendragon in November.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…