New Mexico SIC on acceleration of PE pacing, co-investments
New Mexico’s sovereign wealth fund is boosting its annual private equity commitment pace and expanding its co-investment activity to get the program closer to its allocation targets.
The system is accelerating its program at a time when some other LPs are dialing back their pacing schedules as they await more distribution activity from their GPs.
Buyouts spoke with Charles Wollmann, a spokesperson for the New Mexico State Investment Council, to better understand its pacing and co-investment strategy:
NMSIC stated that as part of its new pacing, it would be looking for more GP relationships. What profile of GP will the fund be prioritizing when looking where to invest?
The pending structure study has a bit of detail as to…
