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New Mexico Catalyst Fund eyes early final close

Mar 01, 2017 - Private Equity International

The New Mexico Catalyst Fund, a fund of funds focused on backing seed- and early-stage investments in New Mexico, is nearing a final close and is expected to beat its $40 million target, Private Equity International has learned.

The fund is likely to reach $45 million or $50 million for the final close, which may come sooner than the original timeline of the end of the second quarter this year, the New Mexico State Investment Council (SIC) spokesman told PEI.

SIC is one of the limit...