News & Analysis

Industry Ventures receives commitment from New Mexico ERB

The US public pension has backed a North America-focused fund.

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Institution: New Mexico Educational Retirement Board
Headquarters: Santa Fe, United States
AUM: $13.60 billion
Allocation to alternatives: 41.80%

New Mexico Educational Retirement Board has committed $50 million to Industry Ventures Secondary Fund IX, a contact at the pension informed Secondaries Investor.

The US public pension has a 41.8 percent asset allocation to alternative investments.

As illustrated below, the pension fund has historically committed to North America-focused funds.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.