New Mexico Public Employees' Retirement Association

About New Mexico Public Employees' Retirement Association

New Mexico Public Employees' Retirement Association is a public pension fund with a portfolio valued at $17.4 billion as of March 31, 2024. It holds private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly-traded equities, fixed income securities, and cash. Returns over the quarter, 1 year, 3 years, 5 years, and 10 years were 2.75%, 8.63%, 5.43%, 6.68%, and 6.06%, versus benchmark returns of 3.65%, 12.59%, 3.80%, 5.74%, and 5.73% respectively. On March 31, 2024, the private equity portfolio was valued at $2.49 billion, or 14.4% of the total portfolio, down from $2.42 billion on September 30, 2023. Private equity returns over the quarter, 1 year, 3 years, 5 years, and 10 years were 1.18%, 7.70%, 13.90%, 17.48%, and 16.25%, versus benchmark returns of 7.72%, 22.45%, 6.31%, 10.57%, and 10.44%, respectively. Private equity holdings include buyouts, co-investment, venture capital, distressed debt, mezzanine, private growth equity, secondaries, and international investments diversified in geographical locations across the globe. The real asset portfolio was valued at $1.37 billion as of March 31, 2024. The executive management team governs the plan's investments, with Mr. Michael Shackelford as Chief Investment Officer. Wilshire Associates, Aksia, Verus, and Albourne America are the LP Consultants.