Sovereign wealth fund
New Mexico State Investment Council (NMSIC)
The New Mexico State Investment Council (NMSIC) is a sovereign wealth fund established in 1958, managing the three permanent trust funds of New Mexico: the Land Grant Permanent Fund, the Severance Tax Permanent Fund, and the Tobacco Settlement Fund. Its core mission is to optimize the earnings of these funds while preserving and growing their real value for future generations of New Mexicans, providing significant annual distributions to support public education programs and offering tax savings to citizens. As a limited partner, NMSIC is a sophisticated institutional investor that actively allocates capital to a diversified portfolio, including substantial investments in private equity, private credit, real estate, and infrastructure funds, and seeks to partner with top-tier managers globally. The NMSIC is focused on ensuring inter-generational equity and maintaining the long-term health of the state's finances.
Investment focus
- Sectors
- Financial servicesTechnologyTelecoms and digital infrastructureHealthcareManufacturing and industrialsReal estate and housingConsumerEnergy and powerSMEs
- Stages and strategies
- GrowthFund investmentsBuyoutPrivate credit
- Regions
- Northern Africa, Eastern Africa, Western Africa, Central Africa, Southern Africa
Fund commitments
- Goodwater Infinity III
- Genstar Capital Partners XI
- Altaris Health Partners VI
- Goodwater Capital V, L.P.
- Bain Capital Asia Fund V, L.P
- TA XIV-A, L.P.
- EIG Energy Fund XV LP
- JMI Equity Fund XI
- Hellman & Friedman Capital Partners X, L.P.
- BlackRock Global Infrastructure Fund IV
- TA Select Opportunities Fund II, L.P.
- Strategic Value Special Situations Fund V
- ICONIQ Strategic Partners VII, L.P
- Invictus Growth Fund II, L.P.
- Lux Ventures VIII, L.P.
- Evolution Credit Opportunity Fund III
- Ares
- Sport & Entertainment Fund II
- Silver Point Specialty Credit Fund III
- Cerberus Real Estate Debt Fund L.P.
- Ares European Property Enhancement Partners III
- JMI Equity Fund X, L.P.
- Berkshire Multifamily Debt Fund III, L.P.
- Scout Ventures III, L.P.
- Carlyle Realty Partners IX, L.P.
- ICONIQ Strategic Partners VI, L.P.
- PIMCO BRAVO IV, L.P.
- Berkshire Bridge Loan Investors II, L.P.
- KKR Diversified Core Infrastructure Fund
- AXA European Life Science Strategy
- Anzu Industrial Capital Partners III, L.P.
- Newmarket IIFC Fund III
- Asana Partners III
- KittyHawk III
- Sixth Street Growth Partners II
- Menlo Special Opps III
- CerraCap III
- Bain Capital Tech Opportunity II
- Lightspeed Venture Partners I
- Arbour Lane Credit Ops III
- Blackstone Real Estate Partners Asia III
- Exeter Industrial Core Plus Fund IV
- CRV XIX
- Ares European Real Estate Fund VI
- Advent Global Equity X
- FPA Apartment Op Fund VIII
- ACORE Credit Partners II
- ICONIQ Strategic Parters VII
- Kickstart Seed Fund VI
- Icon Infrastructure Partners VI
- Sixth Street TAO
- Bain Europe VI
- 400 Capital ABTF III
- EQT Exeter IVF VI
- TDR V
- Scale Ventures VIII
- Brookfield Infrastructure V
- Blackrock Global Infrastructure I
- ICG Senior Debt Partners Fund V
- Cure Ventures Fund I, L.P.
- Scout Ventures IV
- Waterland Fund IX
- CRV Select II
- Brookfield Infrastructure Debt Fund III L.P
- Macquarie Infrastructure Partners VI
- Waterland Partnership Fund
- Frontier Fund I
- Crosslink Ventures X
- Sandbrook Climate Infrastructure Fund I
- Crosslink Endeavor II
- Bell Value-Add Fund VIII
- Arlington Capital Partners VI
- Strategic Value Capital Solutions Fund II
- Antler US Fund II
- Thayer Ventures IV
- Tramway Ventures II
- Alterra IOS Ventures III
- Newmarket International Infrastructure
- Arctos Keystone Partners Fund I
- Copenhagen Infrastructure V
- KKR Real Estate
- IPI Partners III
- TCG Labs Fund I
- At One Ventures II
- Silver Point Distressed Opp. Inst. Partner II
- M13 Ventures IV
- New Mountain Parterns VII
- Principal Investments Program-Mercer
- Golub Direct Lending
- Northbridge Partners Funds IV
- Sandbrook Climate Infrastructure I
- Bain Capital Global Special Situations
- Lead Edge Capital VI
- TPG Healthcare Partners II
- Khosla Ventures VIII
- Dangerous Ventures New Mexico I
- EQT Infrastructure VI
- Almanac Realty Securities IX
- Bain Capital Insurance Fund
- TA XV-A
- TA Select Opportunities III-A
- Genstar Opportunities X Menlo Ventures XVI
- Goodwater Captial V
- Goodwater Infinity III AEW Partners X
- Ares Pathfinder II
- Playground Ventures III
- Playground Leader Fund
- TCG Crossover Fund II
- Silver Rock Tactical Allocation Strategy
- Oaktree Real Estate Opportunities Fund IX
- KPS Special Situations Funds VI
- KPS Special Situations Midcap Fund II
- Wing Four
- Sweetwater Private Equity III
- Atalaya Income Fund Evergreen
- HPS SLF Strategy V
- LS Power Equity Partners V
- Bain Real Estate Capital III
- Blackstone Real Estate Partners Europe VII
Sources
- Partner Researchers, accessed 14 November 2026
- https://peprofessional.com/2025/05/invictus-growth-partners-closes-574-million-fund-ii/, peprofessional.com. Accessed 14 November 2026.