The New Mexico State Investment Council (SIC) has greenlighted new investments in funds managed by NOVA Infrastructure and Ember Infrastructure.
The sovereign wealth fund recently approved a commitment of up to $150 million to NOVA Infrastructure II and up to $75 million in a related co-investment vehicle. Fund II is a continuation of NOVA Infrastructure’s value-add investment strategy focused on North American mid-market infrastructure. The fund opened to investors in February 2024, according to an SEC filing, and had raised more than $100 million at that time. The previous fund in the series closed at $565 million in 2022 and has invested in companies such as Integrated Waste Solutions Group, Bold Ocean, telMAX, Harbor Logistics and Hawthorne Global Aviation Services. NOVA Infra
