New Mexico State Investment Council (SIC) has committed up to $337.5 million to infrastructure funds: Oaktree Power Opportunities Fund VII and Copenhagen Infrastructure Partners V. These commitments were approved Nov. 26, according to meeting materials.
Oaktree Power Opportunities Fund VII, a vehicle of Oaktree Capital Management, received up to $200 million. This fund will target critical infrastructure, such as electric power, water, wastewater and other utility-related businesses, in North America and Europe.
Copenhagen Investment Partners V received $100 million, alongside $37.5 million in an established co-investment vehicle. This fund’s investments are focused on offshore wind, onshore wind and solar, pumped storage, battery storage and transmission. This fund will target countries in North America, Western Europe and Asia Pacific.
New Mexico SIC is a sovereign wealth fund that manages investments for New Mexico’s four permanent funds. It has $50 billi
