NM
New Mexico State Investment Council
Pension fund · Founded 1958 · Santa Fe, United States
The New Mexico State Investment Council manages New Mexico's $20 Billion permanent endowment
Who New Mexico State Investment Council is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- The New Mexico State Investment Council (SIC) was established in 1958 to manage the state's permanent funds.
- A key development occurred in 2010 when the New Mexico Legislature reconstituted the SIC's membership and powers, creating a more balanced structure between legislative and executive appointees.
Source of Capital
- The council's capital is primarily derived from two main endowments: the Land Grant Permanent Fund, established at statehood, and the Severance Tax Permanent Fund.
- These funds collect revenues from activities on state trust lands and from taxes on the extraction of natural resources, such as oil and gas. The investment earnings are used to support public education and state programs.
Allocation Strategy
- The SIC manages a highly diversified portfolio across a broad range of asset classes, including public equities, fixed income, real estate, and alternatives.
- Within its alternative investments, the council allocates capital to private equity, venture capital, and real assets.
- The council's investment strategy aims to preserve and grow the state's permanent funds for the long term, with a stated goal of becoming the best-managed and diversified sovereign wealth fund in the world.
The funds New Mexico State Investment Council backs.
New Mexico State Investment Council is a limited partner in 264 funds. 26 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How New Mexico State Investment Council’s fund book is spread.
The 264 funds New Mexico State Investment Council backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 22987%
- Europe 2911%
- Rest of world 62%
United States 229 · United Kingdom 18 · Australia 2 · Ireland 2
How established those managers are
Managers grouped by how many funds they have raised. 70 emerging (three funds or fewer), 85 established — across the 155 of 264 with a fund history on record.
Other LPs.
Other pension funds in the Power Law LP ranking, closest to New Mexico State Investment Council by combined power-law score — North America first, then the nearest worldwide.