The New Mexico State Investment Council (SIC) is considering a commitment of up to $200 million to Carlyle Property Investors, according to meeting materials from Oct. 28.
Recommended by Townsend, this commitment would be in addition to a $100 million investment to the fund made in 2019. The open-end, core-plus alternatives fund focuses on acquiring manufactured housing, senior housing, data centers, single-family rental, industrial and self-storage assets. The Los Angeles City Employees’ Retirement System (LACERS) also has committed to this fund in recent months.
New Mexico State Investment Council, a sovereign wealth fund, had $65.8 billion in total assets under management, as of Sept. 30, 2025. As of Dec. 31, 2024, the fund had $4.1 billion in total real estate assets with a 12 percent real estate allocation target.
