New Mexico SIC vs BIA

A side-by-side comparison of New Mexico SIC and BIA across firm type, scale, strategy, and geography.

Scale comparison

New Mexico SIC$70.42B

BIA$72.56B

Asset-class exposure

Private Equity

Real Estate

Left bar: New Mexico SICRight bar: BIA

Insight

No overlapping asset classes — these firms operate in entirely separate markets.

Key observations

• BIA and New Mexico SIC are comparable in size (within 1.03× on AUM).
• New Mexico SIC is the most established (founded 1958), 25 years before BIA (1983).
• BIA has the broadest mandate — active across 4 asset classes vs 3 for New Mexico SIC.
• All 2 firms invest in Private Equity, Real Estate.
• New Mexico SIC is the only one here in Infrastructure.
• Each firm is in a different country: Santa Fe, New Mexico, United States, Brunei.
• Overall similarity is 23%, driven by 2 shared asset classes, same AUM band.

23%Similarity score2 shared asset classes · same AUM band

	New Mexico SIC	BIA
Basics
Firm type	Sovereign Wealth Fund	Sovereign Wealth Fund
Country	Santa Fe, New Mexico, United States	Brunei
Founded	1958	1983
Firm age	68 yrs	43 yrs
Roles	Lp	Lp
Scale & AUM
AUM	$70.42B	$72.56B
Market position	Large ($20–100B)	Large ($20–100B)
AUM ratio		1.0× larger
Strategy & Focus
Investment style	Multi-asset	Multi-asset
Diversification	Diversified	Diversified
Asset classes	private equity, real estate, infrastructure	private equity, real estate, hedge funds, venture capital
Shared asset classes	2: private equity, real estate
Geography
Geographic bias	North America	Brunei
Regions	North America, Europe, Asia, China
Team
Team-to-AUM ratio	0.0 per $B	0.0 per $B
Network & Relationships
Connectivity	0/100	0/100
Network strength	0/100	0/100
Relationship density	None	None
Network maturity	No network	No network
Similarity
Overall similarity	23%
Asset class overlap	40%

Frequently asked

What is the difference between New Mexico SIC and BIA?

New Mexico SIC is a sovereign wealth fund based in Santa Fe, New Mexico, United States, while BIA is a sovereign wealth fund based in Brunei. This page compares their firm type, assets under management, strategies, and geographic focus.

Which is larger, New Mexico SIC or BIA?

By reported AUM, BIA is larger ($70.42B vs $72.56B).

New Mexico SIC profile →BIA profile →

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