New Mexico State Investment Council (SIC) has adjusted the organization of its real return portfolio and increased the allocation to infrastructure, specifically, according to meeting materials from March 25, 2025.
The real return portfolio structure has been adjusted from a 10 percent to 30 percent target allocation to financial assets and a 70 percent to 90 percent target allocation to real assets, to a 75 percent to 95 percent target allocation to infrastructure and a 5 percent to 25 percent target allocation to natural resources, according to the materials.
New Mexico SIC is a sovereign wealth fund with $59.4 billion in total assets under management, as of Dec. 31, 2024. New Mexico SIC saw a strong performance in third quarter 2024, with returns around 4 percent, largely driven by gains in its infrastructure portfolio.
