The New Mexico State Investment Council (SIC) is planning to invest up to $125 million in Brookfield Infrastructure Debt (BID) Fund II, recently released board meeting minutes show.
Brookfield Asset Management launched BID Fund II in January, according to an SEC filing from the end of the month. The firm did not disclose an equity fundraising target.
The first fund in the series, Brookfield Infrastructure Debt (BID) Fund, was Brookfield’s inaugural infrastructure debt fund. It completed a final close with $885 million in January 2018, exceeding its fundraising target of $700 million.
BID targeted mezzanine debt investments in core infrastructure assets primarily in North America, as well as in South America, Australia and Europe.
The investor base consisted of a diverse group of institutional investors, including public pension plans and financia
