New Mexico State Investment Council has set its fiscal 2025 pacing plan for its real return portfolio at $800m (€722.6m), primarily focusing on infrastructure investments and with some allocations for agriculture and timberland investments.
The sovereign wealth fund stated in a board meeting document that the majority of the capital allocated for the real return portfolio in the current fiscal year, which began on 1 July, could be invested in infrastructure assets, which are valued for their resilience and inflation protection qualities.
New Mexico SIC may employ various investment structures, including funds, separate accounts, co-investments and secondaries.
New Mexico SIC had a $300m pacing for the real return portfolio three years ago.
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