The New Mexico State Investment Council has committed $75 million to Coller International Partners VII, according to Charles Wollmann, director of communications and legislative affairs at the State Investment Council.
“The Council last week approved a $75 million commitment to Coller VII,” he said in an email.
This isn’t the first time New Mexico State Investment Council has committed to a Coller fund. It previously committed $75 million to Coller International Partners VI, which closed in 2012 with $5.5 billion and is more than 80 percent deployed at this point, according to a person familiar with the fund. It also invested in Coller International Partners IV.
The commitment comes only days after Louisiana Municipal Police Employees’ Retirement System decided to invest $15 million with the fund. Louisiana State Employees’ Retirement System also committed $75 million to the fund and New Hampshire Retirement System has committed $50 million. At the end of April, the Pennsylvania Public School Employees’ Retirement System committed $100 million to the fund.
Coller International Partners VII is targeting $5.5 billion for its new fund and will likely go above its target at final close, which is expected in the fourth quarter.