New Mexico SIC Commits $150M To Nordic, EnCap

Fund Manager: New Mexico State Investment Council

Assets Managed: $16 Billion (Sept. 30, 2012)

Private Equity: $1.1 billion (Sept. 30, 2012)

Actual PE Allocation: 9.5% (Sept. 30, 2012)

Target PE Allocation: 10%

State Investment Officer: Steven Moise

The New Mexico State Investment Council, the agency that manages the state’s $16 billion “permanent endowment,” agreed to plow $150 million into two private equity funds at its November meeting. The commitments included a $75 million pledge to Energy Capital PartnersEnCap Energy Capital Fund IX LP and an equal amount to Nordic Capital’s Nordic Capital Fund VIII LP.

New Mexico has $1.1 billion in invested private equity capital as of September 2012. That is roughly 9.5 percent of the fund’s overall assets, compared to the system’s 10 percent long-term target. Over the last decade, the state’s private equity ...

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