The State of New Mexico State Investment Council (SIC) has committed up to $150 million to ArrowMark as of Sept. 23, 2025, according to meeting materials.
The investment entails an initial $100 million commitment to the main fund, ArrowMark Commercial Real Estate Structured Finance Fund II, which invests in commercial real estate finance including first mortgages and structured preferred equity.
Up to $50 million was invested in a separately managed co-investment vehicle. The fund strategies focus on middle-market commercial real estate debt and will build a diversified portfolio across property types, using a value-added strategy for real estate in the United States.
The New Mexico State Investment Council, a sovereign wealth fund, had $66.7 billion in total assets under management as of June 30, 2025. As of Dec. 31, 2024, it had a 12 percent real estate allocation target with $4.1 billion in total real estate assets.
