LP profile · Pension fund
New Mexico State Investment Council
New Mexico State Investment Council is a pension fund headquartered in United States (North America). Ranked #54 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Major Events
- No information available.
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.