Publications

Investors

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

New Mexico PERA commits $60m to real estate

by Zoe Loza

The $14.5 billion New Mexico Public Employees Retirement Association has committed $60 million to the real estate opportunity fund KSL Capital Partners IV, says Jonathan Grabel, Investment Director for NM PERA.

The closed-end fund, sponsored by KSL Capital, will focus on travel and leisure properties, such as hotels, across the United States. KSL Capital is seeking to raise approximately $2.25 billion for the fund, which launched in fourth quarter 2014. The predecessor fund in the series, KSL Capital Partners III, raised $2 billion and had a final closing in December 2011.

This is New Mexico PERA’s first commitment to KSL Capital. As of December 2014, the retirement association’s actual allocation real estate matched its target allocation of 5 percent.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?