New Mexico to cut PE program to 30 or fewer managers

New Mexico State Investment Council, private equity, pension fund, venture capital, Charles Wollmann
Sandia Mountains in New Mexico. ivanastar/E+/Getty Images
  • New Mexico has been cutting relationships for several years
  • Council adopts new strategy mix for PE, includes less venture
  • New Mexico to commit $550 mln to $650 mln per year
New Mexico State Investment Council is moving its private equity program into the hands of 30 or fewer core managers, according to spokesman Charles Wollmann. New Mexico’s $2 billion PE program currently includes 52 funds, managed by 23 general partners, deemed ...

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