New Mexico Educational Retirement Board (ERB) has made its first investment with ArrowMark Partners by committing to the manager’s US real estate debt fund.
The pension fund disclosed in a board meeting document that it has made a $50m (€46.2m) commitment to the ArrowMark Structured Finance Fund.
ArrowMark Partners completed its $320m fundraise near the end of 2024, after which the New Mexico pension fund approved its commitment.
The fund aims to address commercial real estate middle-market financing gaps by providing customised financing solutions that seek to generate income-driven returns for investors.
The fund will mainly invest through a combination of debt and equity real estate assets, targeting value-add or opportunistic transactions in multifamily, industrial, retail and specialty asset classes such as self-storage, student housing and data centres.
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