The New Mexico State Investment Council (SIC), which oversees $36.3 billion in assets, approved a commitment to one of its existing infrastructure managers this week.
A $100 million commitment was made to iCON Infrastructure Partners VI in consultation with The Townsend Group. Officials said that the fund is set to buy a diversified portfolio of mid-market infrastructure companies located throughout North America and Europe. The latest iCON fun is expected to raise $3 billion and targets a gross equity multiple of 2.0 over a six-to-10-year hold period, with implied net IRRs . . .
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