Investors - APRIL 15, 2015

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New Mexico commits $108m to real assets

by Zoe Loza

The $11.4 billion New Mexico Educational Retirement Board made a total of $107.5 million in commitments to real estate and energy funds.

NMERB committed $40 million to real estate fund Ram Realty Partners IV, $37.5 million to natural resources fund EnerVest Energy Institutional Fund XIV and $30 million to Sares-Regis Multifamily Value-Add Fund II.

The pension fund made previous investments with Ram Realty and Sares-Regis in 2012.

As of December 2014, NMERB has a target allocation to real estate of 7 percent and an actual allocation of 5.8 percent.

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