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New Mexico SIC approves $100m in commitments

The US sovereign wealth fund has backed North America focused funds.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
AUM: $26.85 billion
Allocation to alternatives: 21.13%

New Mexico State Investment Council has announced a commitment of $100 million to IPI Partners, with $75 million dedicated to IPI Data Center Partners Fund II and $25 million to IPI Data Center Partners Fund II Co-Investment, a contact at the sovereign wealth fund informed Infrastructure Investor.

The $26.85 billion sovereign wealth fund has a 21.13 percent allocation to alternative investments.

As illustrated below, NMSIC’s five most recent infrastructure commitments have been to three unlisted equity vehicles, one debt vehicle and one co-investment, the majority of which are focused on the telecoms or a diversified set of sectors.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.