The New Mexico Educational Retirement Board (NMERB) has invested $50 million in NOVA Infrastructure Fund I, a middle-market infrastructure fund managed by NOVA Infrastructure.
NOVA Infrastructure targets middle-market opportunities in transportation, environmental services, energy and energy transition, communications, and other infrastructure sectors primarily in North America, according to the firm’s website.
NOVA Infrastructure Fund I is a value-added vehicle targeting transportation, renewable energy, telecommunication and infrastructure assets in the United States. A fundraising target was not disclosed, but the fund is estimated to be at around $308 million, according to Pitchbook.
