The New Mexico Educational Retirement Board (NMERB) has committed $50 million to CBRE Caledon Andromeda Fund III, an infrastructure co-investment fund.
NMERB previously committed $100 million to the fund in 2020, according to an infrastructure performance report.
The fundraising target and investment strategy of Andromeda Fund III could not be confirmed at the time of publication. NMERB did not respond to a request for comment.
