New Mexico commits $100 mln to Blackstone energy fund

New Mexico State Investment Council, private equity, pension fund, limited partners, Blackstone Group, energy, fund
Santa Fe, New Mexico, at dusk. Photo courtesy: DenisTangneyJr/iStock/GettyImages
New Mexico State Investment Council
  • Assets under management: $23.9 billion
  • Target allocation to PE/VC: 12 percent
  • Actual allocation to PE/VC: 0.6 percent
  • PE/VC strategy: Since 2011, the private equity portfolio has targeted larger fund commitments of  $75  million-$100  million
  • Key advisors/consultants: Pavilion Alternatives Group
  • Who to contact for a meeting: Charles Wollmann ([email protected])
  • Why this is important: Blackstone’s third energy fund moves closer to its closing capital target.
Blackstone has received a lift on its latest energy fund after New Mexico State Investment Council doubled down on its commitment to the leading asset management company. In the meeting, presided over by New Mexico Governor Susana Martinez, the council ...

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