New Mexico to consider infrastructure finance fund, real estate adjustments

The $34 billion New Mexico State Investment Council is considering a $150 million allocation to a new infrastructure finance fund as part of its non-core fixed income portfolio at trustees’ board meeting on Aug. 24.

The investment committee is recommending a $150 million allocation to the Newmarket International Infrastructure Finance Company Fund III. The fund is targeting a $1 billion fund raise with an initial close expected in February 2022.

The fund will focus on facilitating risk transfers with global financial institutions, primarily targeting infrastructure loan portfolios. The recommendation, backed by consulting firm Aksia . . .

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