Public Employees Retirement Association (PERA) of New Mexico has approved a €100m commitment to Antin Infrastructure Partners V.
IPE Real Assets reported in October that Antin Infrastructure Partners had raised more than €5bn for the global infrastructure fund and was aiming to raise up to €12bn by the end of the year.
Virginia Retirement System recently approved a €100m commitment to the fund.
A board meeting document shows that New Mexico PERA believes Antin is in a position to take advantage of long-term trends that support investment in a range of infrastructure sectors.
According to the pension fund, Antin will be pursuing 10 to 12 value-add, primarily brownfield, investments that can achieve a gross internal rate of 15%.
Earlier this month, Antin acquired a majority stake in a US fibre broadband provider OpticalTel.