New Mexico SIC approves $50m 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: $24.63bn
Allocation to alternatives: 22.58%
Bitesize: $100-200m

New Mexico State Investment Council has made a $50 million follow-on commitment to co-invest with real return manager Blackrock Global Energy & Power Infrastructure III.

The $24.63 billion US sovereign wealth fund has a 22.58 percent current allocation to alternative investments. As illustrated in the charts below, the pension has made three fund commitments to infrastructure funds in 2019, totaling $350 million.

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