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Investors - OCTOBER 27, 2022

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New Mexico SIC mulls re-up commitments to Macquarie, Brookfield infrastructure funds

by Kali Persall

The New Mexico State Investment Council (NMSIC) is considering commitments of up to $250 million to infrastructure funds managed by Macquarie Infrastructure Partners and Brookfield Infrastructure Partners.

Specifically, the investment council is mulling re-up commitments of up to $100 million to Macquarie Infrastructure Partners VI (MIP VI) and up to $150 million to Brookfield Infrastructure Debt Fund III (BID III).

MIP VI will primarily make core-plus brownfield investments and greenfield investments in companies across transportation, waste management, utilities and energy, digital infrastructure and social infrastructure sectors located predominantly in the United States and Canada. The fund also has the ability to invest in other countries in the Americas — mainly Mexico and Brazil. MIP VI seeks to create a portfolio of 10 to 15 companies and leverage its co-investment partners to execute larger deals, if required.

Real asset capital deployments are runnin

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