New Mexico commits $120m to two funds
The $14.5 billion Public Employees Retirement Association of New Mexico has committed $120 million to two funds.
The pension fund has committed $70 million to PW Real Estate Fund III and $50 million to Madison Realty Capital Debt Fund III.
PW Real Estate Fund III is managed by PW Real Assets, formerly Perella Weinberg. The fund targets properties in France, Germany, Ireland, Portugal, Spain and the United Kingdom, as well as Central and Eastern Europe. The opportunistic fund is seeking to raise €1.5 billion ($1.7 billion). The Ohio Police & Fire Pension Fund and the New Jersey Division of Investment have both committed to the fund.
Madison Realty Capital Debt Fund III