The New Mexico State Investment Council (SIC) has committed $187.5m (€177m) to Copenhagen Infrastructure V (CI V), a fund that recently announced a €5.6bn first close.
New Mexico SIC the capital commitment, which was approved last month, said the capital commitment to the Copenhagen Infrastructure Partners (CIP) fund comprises a $150m investment directly into CI V and a $37.5m investment into the fund’s co-investment vehicle.
The investment by New Mexico SIC represents its first-ever commitment to CIP.
Back in June, CIP announced the first close of its fifth flagship fund CI V and said the fund which was on track to reach its €12bn target is set to “become the largest fund globally dedicated to greenfield renewable energy infrastructure investments”.
The fund has a global reach and intends to diversify investments across technologies such as contracted offshore wind, energy storage, onshore wind and solar in low-risk OECD countries in North America, Western Europe, and Asia Pacific.
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