The New Mexico State Investment Council (SIC) has approved a $75 million commitment to iCON Infrastructure Fund V, managed by iCON Infrastructure.
The Townsend Group advised on the investment, which was approved at the council’s Feb. 14 meeting, according to an agenda item listed on the sovereign wealth fund’s website.
iCON focuses on acquiring a diversified portfolio of middle-market core, core-plus and value-add infrastructure assets and companies, located predominantly in North America and Europe.
New Mexico follows the
