# New Mexico State Investment Council

New Mexico State Investment Council is a Sovereign Wealth Fund based in Santa Fe, United States.

## Overview

- **Organization type:** Sovereign Wealth Fund
- **Headquarters:** Santa Fe, United States
- **Region:** North America
- **Address:** Santa Fe, United States
- **Assets under management:** $60.4B (Altss estimate)
- **Website:** https://www.sic.state.nm.us
- **LinkedIn:** https://www.linkedin.com/company/nmsic

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate
- Infrastructure

## People

- 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

## 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.

## Related profiles

- [Border to Coast Pensions Partnership](https://altss.com/profile/border-to-coast-pensions-partnership-bcpp)
- [British Columbia Municipal Pension Plan](https://altss.com/profile/british-columbia-municipal-pension-plan)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/new-mexico-state-investment-council

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