New Mexico Academic Retirement Board, Santa Fe, dedicated a complete of $450 million to 6 new and current various funding methods, mentioned Bob Jacksha, CIO of the $16.3 billion pension plan, in an e-mail.
The pension fund dedicated $100 million to Lyric Capital Royalty Fund II, a music royalty fund managed by non-public fairness agency Lyric Capital Group, a brand new relationship.
The board dedicated an extra $100 million to Orchard International Asset Administration for a multiasset individually managed account and gave workers discretion to commit one other tranche of $100 million in 2023. The board had beforehand dedicated $50 million in 2020 and an extra $50 million in 2021. And it dedicated an extra $100 million to Raith NMERB Core-Plus Individually Managed Account, which acquires and originates actual property debt and is managed by Raith Capital Companions. The pension fund initially dedicated $50 million to the separate account in 2020 and made one other $50 million dedication earlier this yr.
New Mexico ERB additionally dedicated $50 million every to BVP Forge Fund I, a buyout fund managed by Bessemer Enterprise Companions; NOVA Infrastructure Fund I, a middle-market infrastructure fund; and $50 million to Crow Holdings Realty Companions X, an opportunistic actual property fund managed by current supervisor Crow Holdings Capital. Bessemer and NOVA are new relationships for the pension fund.