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New Mexico SIC commits $337.5m to two infrastructure funds
Investors - SEPTEMBER 27, 2023

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New Mexico SIC commits $337.5m to two infrastructure funds

by Lewis Dayton

The New Mexico State Investment Council (New Mexico SIC), with $42.7 billion of assets under management, has committed $150 million to CIP Infrastructure V, plus $37.5 million to a co-investment vehicle of the fund. New Mexico SIC has also committed $100 million to IPI Partners III with a $50 million additional commitment in a co-investment vehicle of the fund.

Managed by Copenhagen Infrastructure, CIP Infrastructure V is seeking €12 billion ($12.7 billion) and will focus on making investments in offshore wind, onshore wind, solar PV and other energy-transition infrastructure, including pumped storage, battery storage and transmission.

Copenhagen Infrastructure expects CIP Infrastructure V will allocate 30 to 40 percent of its capital toward each the Western Europe, North America and Asia Pacific markets.

IPI is a joint venture between Iron Point and ICONIQ, Mark Zuckerberg’s family office. IPI Partners III is seeking to raise $4 billion in capital commitmen

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