The New Mexico State Investment Council (NMSIC) has approved a commitment of up to $160 million to EQT Infrastructure VI and $60 million to a co-investment vehicle, according to a meeting document from Jan. 24.
Although NMSIC has made several allocations to real estate portfolios managed by EQT/Exeter, these commitments would be the sovereign wealth fund’s inaugural infrastructure investments with the firm.
EQT is seeking to raise $20 billion ($22 billion) for the value-add infrastructure fund. The fund will seek to deploy €200 million to €1 billion ($216 million to $1.08 billion) of equity checks in approximately 15 to 20 companies.
EQT Infrastructure VI will focus on five primary sectors: digital, energy, transportation and logistics, environmental and social themes. Investments will be located predominantly in Europe and North America (with an ability to invest in other countries outside these regions, with an Asia Pacific focus).
The fund will p