The New Mexico State Investment Council is the fiduciary board responsible for managing the state's sovereign wealth funds, including the Land Grant Permanent Fund and Severance Tax Permanent Fund, which collectively represent billions in assets, the second-largest such fund among U.S. states. The Council leverages revenues from oil and gas resources to support strategic investments, including clean energy initiatives, while fulfilling its fiduciary obligations to preserve and grow state trust assets for long-term public benefit.
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