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The New Mexico State Investment Council (NMSIC) has approved a commitment of up to $150 million to Asana Partners IV, according to meeting materials from April 22.

Asana Partners IV, a program of Asana Partners, is a value-add, closed-end fund with a focus on street-front retail properties in the United States. The fund has an equity fundraising target of $1.5 billion. Asana Partners Fund III, its predecessor, raised $1.5 billion in equity.