New Mexico Public Employees' Retirement Association

About New Mexico Public Employees' Retirement Association

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