The New Mexico State Investment Council (SIC) approved $600 million of commitments to two infrastructure funds and recommended an additional €500 million ($582 million) investment at its Oct. 28 meeting.
SIC greenlighted the previously recommended commitments of $500 million to Partners Group Direct Infrastructure Fund IV and up to $100 million to J2 Infrastructure Tierra Adentro Fund.
The Partners Group commitment is proposed to be allocated as $350 million to the main fund and $150 million to a no-fee, no-carry co-investment vehicle. The fund will pursue 25 investments averaging $300 million to $700 million each, with geographic exposure split roughly between the United States and Europe, and a smaller allocation to Asia. The fund targets long-term contracted cash flows and sectors aligned with key megatrends including decarbonization
