New Mexico SIC Commits $861M; KPERS Raises Real Assets Targets

New Mexico State Investment Council approved nine fund commitments totaling $861M, led by a $550M re-up to Silver Rock Lobo Fund, a private credit vehicle. The remaining $311M spanned seven private equity and venture capital vehicles across healthcare, deep tech, energy transition, and frontier strategies. NMSIC's net asset value stood at approximately $73.5B as of May.

Kansas Public Employees Retirement System approved $325M in new commitments across infrastructure and real estate, including a re-up to Brookfield Super-Core Infrastructure Partners, alongside advances in a broader asset allocation overhaul raising real assets from 5% to 8% and private real estate from 10% to 12%. The real assets pacing plan targets up to $850M in deployment in 2026, with roughly $550M still to go. Among other LP developments, British Columbia Investment Management Corporation launched a Capital Solutions Group within its private equity platform to provide structured and preferred equity, continuation vehicles, and strategic minority stakes, formalizing a series of investments made over the past 18 months.

On the GP fundraising side, Bridgepoint Asset Management is reportedly on pace to raise approximately €5B for Bridgepoint Direct Lending IV, exceeding its €4B initial target; Pemberton Asset Management held the final close of its fourth strategic capital vintage at €3.4B, above its target range; and Actis reached a $2.5B first close on Actis Energy 6 – which targets renewables, power grids, and energy transition across Asia, Latin America, EMEA, and other emerging markets – hitting about 40% of its $6B target, with a final close expected next year.

In people news, SEI named Nathan Shetty as CIO effective June 1, joining from Nuveen Asset Management where he led multi-asset management; EQT appointed Nicholas Macksey and Hari Gopalakrishnan as co-heads of its Asia private equity business to lead deployment of the recently closed BPEA EQT IX; and AustralianSuper named Shaun Manuell as its next CIO.

Read on for all the day’s fundraising news headlines.

The US public pension system spans 800+ plans. But 24 of them — just 2.9% — control nearly 60% of all assets.

Everything meaningful in private markets flows from that concentration.

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