The Public Employees Retirement Association of New Mexico (PERA) has approved a $100 million follow-on commitment to the IFM Global Infrastructure Fund.
The fund invests in core-plus and value-added investments in the transportation, social infrastructure, telecommunication and energy sectors.
This marks the fourth allocation to the open-end fund, as it made previous commitments to the vehicle of $25 million in 2013, $75 million in 2026 and $50 million in 2019. As of March 2025, New Mexico PERA had a total stake of $227.7 million in the IFM fund, which delivered a 10.8 percent net internal rate of return.
New Mexico PERA, a public pension fund, had $18 billion in total assets under management as of Dec. 31, 2024.
