New Mexico to cut PE program to 30 or fewer managers

New Mexico State Investment Council, private equity, pension fund, Blackstone Group, real estate
Sandia Mountains in New Mexico. ivanastar/E+/Getty Images
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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