New Mexico State Investment Council slates $250 million for 3 funds
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New Mexico State Investment Council, Santa Fe, committed a total of up to $250 million to three alternative investment funds, said Charles Wollmann, spokesman for the $29.8 billion endowment, in an email.
The council at its Tuesday meeting committed up to $125 million to Cerberus Real Estate Debt Fund, an opportunistic real estate credit fund managed by
Cerberus Capital Management. The fund is expected to invest in private and public real estate debt in the U.S. and Europe. It has a $750 million fundraising target.
The council also committed up to $75 million to Ares European Property Enhancement Partners III, a fund managed by