New Mexico SIC approves $75m commitment

The US sovereign wealth fund has backed a multi-regional focused fund.

Institution: New Mexico State Investment Council
Headquarters: Santa Fe, United States
AUM: $26.85bn
Allocation to alternatives: 21.13%
Bitesize: $50-100m

The New Mexico State Investment Council announced a commitment of $75 million to iCON Infrastructure Partners V, a contact at the pension informed Infrastructure Investor.

The $26.85 billion US sovereign wealth fund has a 21.13 percent current allocation to alternative investments. As illustrated in the charts below, the pension has made four commitments to infrastructure funds in 2019, totaling $450 million.

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