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NM SIC commits $50 million

The New Mexico State Investment Council (NM SIC) approved a $50 million commitment to Encap Flatrock Midstream Fund IV at yesterday’s board meeting.

The $22.1 billion US state investment fund previously invested $25 million in the series’ predecessor vehicle, Encap Flatrock Midstream Fund III.

Encap Flatrock Midstream invests in companies and assets in the midstream sector of the North American oil and gas industry.

NM SIC has a 9.1% commitment to infrastructure. Platinum subscribers may click here for NM SIC’s full profile, including key contacts, fund investments and allocation strategies.