Investors - SEPTEMBER 28, 2016

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NMERB commits $55m to real estate and energy

by Jody Barhanovich

The $11.7 billion New Mexico Educational Retirement Board has committed $55 million to real estate and energy infrastructure funds.

The pension fund committed $30 million to Bluescape Energy Recapitalization and Restructuring Fund III, a natural resources fund managed by Bluescape Energy Partners. This is a first commitment to a Bluescape Energy Partners fund. The closed-end fund will focus its investments in U.S. energy infrastructure.

The pension fund also committed $25 million to real estate fund Crow Holdings Retail Fund II, managed by Crow Holding Capital Partners. The closed-end, value-added fund, which opened in July 2016, will focus its investments in U.S. retail property.

NMERB has invested previously in two funds managed by Crow Holdings Capital Partners. The first commitment was an allocation of $50 million

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