NMERBNew Mexico Educational Retirement Board
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Several days after the IBT/MapLight report was published, NMERB executive director Jan Goodwin wrote an (http://www.santafenewmexican.com/opinion/my_view/no-the-governor-isn-t-influencing-our-investments/article_fb5f3053-6923-5ce9-b861-92a1ef093b9d.html) op-ed arguing that the governor does not influence investment decisions but conceding that pension officials are not enforcing anti-corruption rules, which are designed to bar financial firms from donating to officials like Martinez, who control appointments to pension boards.
But now that political contributions are readily available on publicly accessible databases, some experts doubt NMERB's argument, also espoused by a number of pension funds, that identifying political spending by firms and their members is beyond their capabilities.
Those firms received investments from the NMERB and the SIC.
Representatives of the NMERB did tell IBT they would make Enervest aware of the issue.
From 2013-2016, NMERB (https://www.nmerb.org/pdfs/CAFRFY2015.pdf) reported (https://www.nmerb.org/pdfs/CAFR%20Doc%20FY16%20v%202-8%20%20%20%204%2030%20PM.pdf) paying more than $540 million in investment fees.
For instance, in (https://www.nmerb.org/pdfs/icminutes032615.pdf) March 2015 , NMERB committed $37.5 million to EnerVest, a private equity firm that recently made headlines losing when one of its $2 billion funds (https://www.bizjournals.com/houston/news/2017/07/17/enervest-fund-reportedly-loses-essentially-all.html) lost all of its value due to bad bets on oil and gas.
(https://www.nmerb.org/pdfs/icminutes012513.pdf) Months later , Crow appeared before the NMERB's board to personally pitch officials on investing pensioners' savings in his real estate fund.
In the closing months of the election, NMERB approved a separate (https://www.nmerb.org/pdfs/icminutes092514.pdf) $35 million investment in another Crow Holdings fund.
A year and a half later, NMERB approved a $30 million commitment to Pickens' energy investment firm, BP Capital.
Pension officials were made aware of some of the donations by NMERB portfolio manager Mark Canavan, who was at the agency during a 2006 pay-to-play scandal.
NMERB officials do not publish the fees paid to individual managers, including EnerVest, Crow Holdings and BP Capital.
"Whether somebody makes a campaign contribution or not is not a part of our investment process," NMERB chief investment officer Bob Jacksha told IBT.