Transformational Change: New Mexico PERA Embracing Private Assets to Strengthen Pensions
Santa Fe, New Mexico – The New Mexico Public Employees Retirement Association (PERA) is undergoing a significant transformation, shifting its focus towards private assets to enhance its financial performance and secure the retirement benefits of its members. In a move to diversify its investment portfolio, PERA aims to allocate a larger portion of its assets to private markets such as real estate, private equity, and infrastructure. This strategic shift comes at a time when traditional …