New Mexico State Investment Council

The New Mexico State Investment Council (NMSIC) is a sovereign wealth fund and state agency responsible for managing New Mexico's permanent endowments, including the Land Grant Permanent Fund and the Severance Tax Permanent Fund. While not a biotechnology company itself, NMSIC is a significant institutional investor that provides capital to venture capital and private equity funds, some of which focus on life sciences and healthcare technology. Through its New Mexico Catalyst Fund and other in-state investment programs, the Council supports the growth of the local biotech ecosystem by investing in early-stage companies and innovation hubs. The Council's primary objective is to provide long-term financial benefits to the state's citizens and public schools through prudent investment management. It is headquartered in Santa Fe and manages a diverse portfolio of global assets.