The $28 billion New Mexico State Investment Council approved private equity, venture capital and real return investments totaling $150 million over the course of August and September as trustees continue to diversify the portfolio.
A $75 million allocation was awarded to the Brookfield Infrastructure Fund IV, a renewable sidecar investment within New Mexico’s real return portfolio. The allocation is a follow-on to previous commitments of $100 million to the main fund, and a $50 million co-invest commitment to the same fund.
Sponsored by Brookfield Asset Management, the sidecar seeks to be a . . .
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