Investors - OCTOBER 12, 2021

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New Mexico SIC commits $75m to Asana Partners III

by Kali Persall

The New Mexico State Investment Council (SIC) has approved a commitment of up to $75 million to the value-add Asana Partners III.

Asana III is focused on unique, U.S. street-front retail within high-growth walkable neighborhoods in areas containing attributes including strong demographics, high educational attainment and above-average household income. The strategy is seeking to raise $1 billion in capital commitments.

The fund’s predecessor, Asana Partners Fund II, closed in April 2019 with $800 million in equity commitments. The fund was oversubscribed and achieved its hard cap of $800 million within 12 months of commencing the marketing process.

In other news, New Mexico SIC has announced plans to enter into an evergreen contract with Green Street Advisors, a real estate research firm regularly used by staff that has traditionally been accessed through on

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