New Mexico State Investment Council (SIC) has committed an additional $265m (€244.1m) to EQT and LS Power infrastructure funds.
The sovereign wealth fund said it has made a $165m commitment to EQT Infrastructure VI and placed $100m into the LS Power Equity Partners V fund.
The commitment to the EQT fund comprised a $120m investment directly into the fund and an additional $45m for the fund’s co-investment vehicle.
The $34bn sovereign wealth fund said in a meeting document that limited resources in its investment team was a reason for reinvesting in previously committed funds, rather than exploring new fund opportunities.
Last year the sovereign wealth fund made a real assets investment via a $150m commitment to the LS Power Equity Partners V fund. During the period, New Mexico SIC also invested $220m in infrastructure through the EQT fund.
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