The $20 billion New Mexico State Investment Council approved a previously considered $100 million commitment to Macquarie Infrastructure Partners IV at its April 25 board meeting, according to spokesman Charles Wollmann.
Macquarie Infrastructure Partners IV, which recently launched in March 2017, will invest in diversified infrastructure assets throughout North America.
The fund’s predecessor, Macquarie Infrastructure Partners III, held a $3 billion final close in 2014, exceeding its $2 billion equity fundraising target. The fund invests in opportunities in transportation, communications, utilities, power, energy and waste management assets.
New Mexico previously has committed to other infrastructure funds managed by Macquarie, including a $100 million commitment to Macquarie Asia Infrastructure Fund through two separate allocations. The first was a $60 million commitment in 2014, followed by a $40 million commitment in 2015.