New Mexico State Investment Council approved an annual target investment of up to 5% of the $3.7 billion Severance Tax Permanent Fund to the New Mexico Private Equity Investment Program, said Charles Wollmann, director of communication for the $16.27 billion council in an e-mail.
The new allocation is expected to amount to about $40 million per year, including about $25 million to $30 million for new fund commitments and about $10 million to $15 million for new co-investments.
New Mexico Private Equity Investment Program is an in-state venture capital program.
To read the full, original article click on this link: New Mexico council to put money into in-state venture capital - Pensions & Investments
