New Mexico State Investment Council
Lorem Ipsum
SIC by the Numbers
Key statistics showcasing our impact and growth
Managing one of the top sovereign wealth funds in the country, and the 31st largest in the world
Projected FY 2022 distributions to the state general fund and beneficiaries
Established in 1958, building wealth for future generations
The permanent funds will provide $1.155 billion to the state's general fund and beneficiaries in Fiscal Year 2022, equivalent to 15% of the state budget.
On average, the permanent funds save each New Mexico household about $1,270 in taxes every year.
Approximately 86% of Land Grant Permanent Fund distributions directly benefit New Mexico's public schools.
Investment Partners
Working with leading financial institutions and investment firms worldwide
Permanent Funds
The Land Grant & Severance Tax Permanent Funds are founded on our state's natural assets, including oil, natural gas, coal and other finite resources. When some day those reserves are diminished, future generations will still receive the annual benefits they provide.
Land Grant Permanent Fund
$21.6 billion fund created from 13 million acres of state trust lands. Distributes approximately $908 million annually, with 86% going to public schools.
Severance Tax Permanent Fund
$5.8 billion fund receiving taxes from natural resource extraction. Provides more than $246 million annually to the state general fund.
Early Childhood Education Fund
$300 million endowment created in 2020. Will distribute $20-30+ million annually to support early childhood education in New Mexico.
Water Trust Fund
Created in 2006 with $55 million in appropriations. Distributes $4 million annually to the Water Trust Board for infrastructure projects.
State Investment Council
The 11-member SIC and its Committees are fiduciaries to one of the top sovereign wealth funds in the country, and the 31st largest in the world. The SIC strives for transparency by webcasting its monthly meetings, which are open to the public.
Established in 1958, the SIC is an institutional investor that receives public dollars in the form of taxes on natural resources and income from sales and leases of public lands and minerals. These funds are invested on behalf of the people of New Mexico.
Fiduciary Responsibility
As fiduciaries, the SIC is bound by legal and ethical responsibility to manage trust assets while acting solely in the best interests of the trust's beneficiaries—the State of New Mexico and its citizens.
The SIC also manages investments for 23 New Mexico governmental entities, with a combined value of $1.5 billion, providing institutional-quality investment management at lower costs.
Fund Beneficiaries
The Land Grant Permanent Fund benefits all New Mexicans by providing hundreds of millions of dollars in funding every year. Approximately 86% goes to public schools, with the remaining 14% divided among 20 other designated beneficiaries including state universities, specialty schools, hospitals, and water infrastructure.
Intergenerational Equity
The SIC is focused on optimizing earnings while preserving and growing the real value of the funds for future generations. The goal is to provide somewhat equal benefits for current and future generations of New Mexicans.
The value of the funds has grown by 31%—over $8.5 billion—in the last five years, while also providing nearly $5 billion to the state.
Global Investment Diversification
Our investments span across multiple regions, diversifying risk and maximizing returns for New Mexico. The SIC invests globally while maintaining a primary focus on U.S. markets.
United States
~80%Primary focus on US markets including public equities, fixed income, real estate (80%+ of real estate investments), and alternative investments
Europe
~10%Diversified portfolio across European markets, particularly in real estate and alternative investment funds
Asia Pacific
~8%Strategic investments in Asian markets through commingled funds, focusing on real estate and infrastructure
Latin America
~2%Emerging market opportunities through diversified investment funds
Investment Reports
You can review the latest SIC investment reports and Fund valuations, as well as monthly meeting materials and policy statements.