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$400M commitment to Ardian Secondaries Fund IX.

Named a new Managing Director of Private Debt.

$200M commitment to Reverence Capital PE Opportunities IV.

$250M commitment to Palistar Digital Infrastructure.

$250M commitment to HarbourVest Infrastructure.

$300M commitment to Crescent Private Credit.

$95M commitment to IFM Global Infrastructure.

$210M commitment to Timberland allocation.

NMERB Investment Committee approved a $30M commitment to Banner Ridge Small Buyout Fund I on July 22, 2025 within the Fund's Private Equity allocation. No placement agent used.

NMERB Investment Committee approved a $100M commitment to Cross Ocean U.S. Special Situations III on July 22, 2025 within the Fund's Opportunistic Credit allocation. No placement agent used.

$200M commitment to WCP NewCold.

$150M commitment to GenNx360 Capital Partners IV.

$300M commitment to Thoma Bravo Fund XVI.

Appointed a new Director of Private Markets.

Strategic review increasing private credit, private equity, and infrastructure while trimming public equities.

$200M commitment to MSD Hospitality Partners.

$250M commitment to Blue Owl Real Estate Fund VII.

$1200M commitment to Private credit commitments.

Reduced emerging markets exposure while boosting U.S. large-cap equity.

$500M commitment to KKR North America Fund XIV.

Announced a new executive director.

Appointed a new Deputy CIO.

$600M commitment to TPG Partners X.

Shortlisted six managers for an infrastructure secondaries mandate.

$200M commitment to Trident X.

$300M commitment to Blackstone Asia III.

$500M commitment to Nordic Capital XI.

$250M commitment to Thoma Bravo Fund XVI.

$350M commitment to Summit Partners Growth Equity XII.

$140M commitment to Brookfield Super-Core Infrastructure Partners.

$150M commitment to Primary Select Fund IV / PVP Fund V (early-stage VC).

Moving U.S. public equities from 32% active to 50% active.

Issued an RFP for a new investment consultant.

$400M commitment to Private Credit Fund O / KKR Scissor-Tail.

Shifted domestic equity to 27% (+3%) while trimming global private equity and fixed income.

$33M commitment to TPG AG Asset Based Credit Evergreen Fund.

$55M commitment to Radical Ventures IV.

$60M commitment to Altimeter.

Appointed Head of Real Assets.

$50M commitment to KKR Diversified Core Infrastructure Fund.

$50M commitment to AxInfra NA II.

$200M commitment to Pretium Residential Credit III.

$130M commitment to THL Equity Fund X.

$150M commitment to Vista Foundation Fund V.

Selected Nipun Capital to manage $400M in emerging markets equities.

$150M commitment to Vision Ridge Partners Sustainable Asset Fund IV.

$250M commitment to Oaktree Power Opportunities Fund VII.

Plans to commit $475M annually to private equity through 2027.

Appointed Deputy CIO (from UPS pension plan).

Reaffirmed/renewed general consultant relationship.