Investors - APRIL 4, 2018

New Mexico State considers $140m portfolio rebalance

by Jody Barhanovich

The $23.1 billion New Mexico State Investment Council is considering a proposal to rebalance its real estate and real return portfolio, according to board meeting documents.

It’s proposed that $140 million in funding would come from the equity portfolio and cash and would be invested in real estate and infrastructure assets. The new allocations would include $75 million to Heitman HART, $30 million to Clarion Lion Industrial Trust and $35 million to JPM Infrastructure Investment.

A decision to approve the portfolio rebalance allocations has not been made but will be made by SIC staff.

New Mexico SIC has a target allocation to real estate of 12 percent with an actual allocation of 9 percent, according to the document.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.