New Mexico State Investment Council (SIC) has added four new infrastructure fund managers with $1.1bn (€945.4m) worth of commitments.
The sovereign wealth fund has, for the first-time backed infrastructure strategies managed by I Squared Capital, GI Partners, InfraVia Capital and Tallvine Partners.
New Mexico SIC said it has committed $250m to the I Squared Global Infrastructure Fund IV fund and placed $200m into a co-investment sidecar to invest alongside the fund. The co-investment vehicle can accept deals from Fund III, the previous fund in the series.
New Mexico SIC said it has made a $150m commitment to the GI Data Infrastructure Fund II.
The GI Partners fund is seeking to raise $2.9bn. The fund is expected to follow a similar strategy as its predecessor, but with a shift in sector allocations and an expanded geographical focus to include the UK and Europe.
GI Partners raised $1.8bn for Data Infrastructure I, which closed in September 2020.
The fund will look to invest in data centres, data transport, wireless access and tech-enabled infrastructure.
New Mexico SIC also placed €200m into the InfraVia European Fund VI fund and made a €100m commitment to the fund’s co-investment sidecar.
The InfraVia fund will invest in value-add infrastructure in Europe, targeting the digital, energy/utilities, transportation and social infrastructure sectors.
The sovereign wealth fund also made a $125m commitment to Tallvine Middle Market Infrastructure Fund I, a value-add North America mid-market infrastructure fund.
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