New Mexico allocates $105 million to 3 alts funds
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New Mexico State Investment Council, Santa Fe, committed up to $105 million to three alternative investment funds, spokesman Charles Wollmann said in an email.
On Tuesday, the council committed up to $60 million to Berkshire Multifamily Debt Fund III and $40 million to Berkshire Bridge Loan Investors II, both managed by
Berkshire Residential Investments.
Berkshire Multifamily Debt III would invest 85% or more of its capital in Freddie Mac s K-Program, which was created after the global financial crisis to securitize multifamily loans traditionally held on Freddie Mac s balance sheet, according to a staff memo of the council s meeting.
New Mexico State Investment Council, Santa Fe, committed up to $105 million to three alternative investment funds, spokesman Charles Wollmann said in an email.
On Tuesday, the council committed up to $60 million to Berkshire Multifamily Debt Fund III and $40 million to Berkshire Bridge Loan…