The $23.1 billion New Mexico State Investment Council committed $75 million to Macquarie Asia Infrastructure Fund 2, according to Charles Wollmann, director, communications, legislative and client relations for the pension fund.
Macquarie Asia Infrastructure Fund 2 is managed by Macquarie Group Limited, a diversified financial group.
The fund follows Macquarie’s first Asian pan-regional infrastructure platform and the fund’s predecessor, Macquarie Asia Infrastructure Fund, which focuses on investment opportunities in transportation, communications, utilities, power, energy and waste management assets across the region. Macquarie Asia Infrastructure Fund held a $3.1 billion final close in 2016.
NMSIC’s target allocation to real assets is 12 percent. Its real assets portfolio includes investments in infrastructure, timber, agriculture, energy, inflation-linked securities, commodities and other similar assets. The council currently has approximately $2.1 billion deployed to this asset class, with additional investments pending.
