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Investors - NOVEMBER 4, 2016

New Mexico PERA commits €65m to European infrastructure fund

by Jody Barhanovich

The $14.3 billion Public Employees Retirement Association of New Mexico has committed €65 million ($72.1 million) to Antin Infrastructure Partners III, managed by Antin Infrastructure Partners.

The closed-end fund is an illiquid real assets partnership with a focus on value-added European brownfield infrastructure investments such as energy, social infrastructure, telecommunications and transportation. Antin Infrastructure Partners is hoping to raise €3 billion ($3.3 billion) for the fund.

The commitment was the pension fund’s second allocation to infrastructure in the past month, with a $75 million commitment to IFM Global Infrastructure, an open-end infrastructure fund managed by IFM Investors, in October.

New Mexico PERA recently increased its real estate and real assets target allocation to 20 percent, a combined 8 percentage point increase.

 

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