The New Mexico State Investment Council (NMSIC), a sovereign wealth fund managed by the State of New Mexico, has committed $50 million to BlackRock Real Assets’ Global Energy & Power Infrastructure Fund III.
The fund, which focuses on energy and power infrastructure equity investment within developed countries, completed its first close last July. It received $1.5 billion in capital commitments from institutional investors across North America, the Middle East, Europe and Asia.
NMSIC previously committed $100 million to the fund in 2018.
The fund is looking to raise a total of $3.5 billion.