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New Mexico State Investment Council
The State Investment Council manages more than $71 billion in permanent and endowment funds for New Mexicans from royalties and taxes on oil and gas.
New Mexico State Investment Council
The State Investment Council manages more than $71 billion in permanent and endowment funds for New Mexicans from royalties and taxes on oil and gas. This fiscal year it sends $2.5 billion to New Mexico for public schools, universities and other services with an indirect benefit of about $3,000 per household. It ranks as the second largest sovereign wealth fund in the country and among the top 30 globally, and endowment earnings will supplant part of declining oil revenue as industries transition to renewables.
General information
Firm type
Sovereign Wealth Fund
Location
Region
North America
Country
United States
City
Santa Fe
Corporate office
Santa Fe, United States
Principals
Michelle Lujan Grisham
Governor of New Mexico and Chair of the State Investment Council
Vince Smith
Chief Investment Officer and Deputy State Investment Officer
Jon Clark
State Investment Officer
Laura Montoya
New Mexico State Treasurer and Council Member
Sector focus
Frequently asked questions
Who runs investment decisions at New Mexico State Investment Council?
Vince Smith serves as Chief Investment Officer. Jon Clark acts as State Investment Officer responsible for daily operations of the State Investment Office.
Does New Mexico State Investment Council participate in fund commitments or only direct deals?
The council makes commitments to commingled vehicles including EQT Exeter Europe Logistics Fund VI and Bell Partners Growth & Income Fund.
What asset classes does New Mexico State Investment Council target?
Allocations include buyouts, core real estate, industrial assets, and real return strategies across the United States and Western Europe.
How is New Mexico State Investment Council related to the Land Grant Permanent Fund?
The council manages the Land Grant Permanent Fund and the Severance Tax Permanent Fund as its primary permanent endowments.
Where does the underlying wealth come from for New Mexico State Investment Council?
Assets originate from the state's Land Grant Permanent Fund and Severance Tax Permanent Fund.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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