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The SIC appointed Kristin Varela as Chief Investment Officer to oversee all investment activities of the $71B sovereign wealth fund. Varela was previously CIO of the Employees' Retirement System of the State of Hawaii (~$26B) and earlier served in leadership roles, including Interim CIO, at New Mexico PERA. The CIO search was led by Dr. Ashby Monk (Stanford Research Initiative on Long-Term Investing) with executive search firm Fram Partners (founder Madison Gesser).

The New Mexico State Senate confirmed the reappointment of John Bingaman to another 5-year term as a public member of the SIC board. Bingaman has served since 2021; he is founder and managing principal of Iron Creek Partners and a former Chief of Staff in the Office of the Governor.

The New Mexico State Senate confirmed Mary Rohman to fill a public-member vacancy on the SIC's 11-person board. Rohman has 30+ years across public and private markets (JP Morgan Private Bank New England Region Head/Managing Director, senior roles at Lehman Brothers and UBS Private Wealth Management) and has served on the SIC Investment Committee since 2023.

$300M commitment to Silver Rock Core Lending Strategy.

$300M commitment to Bell Partners Growth & Income Fund.

$100M commitment to Lightspeed Venture Partners XV.

$300M commitment to Global Infrastructure Partners V.

$300M commitment to TPG Rise Climate Fund II.

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