New Mexico Public Employees Retirement Association (PERA) has invested in Ardian infrastructure IV, the Ardian's latest European infrastructure fund.
Specifically New Mexico pension fund has approved a US$60 million commitment to the fund.
Ardian is approaching the €2 billion (US$2.25 billion) final close of Ardian infrastructure IV, which is expected to take place during 2015. The new fund follows Ardian's third infra fund which closed on €1.5 billion (US$1.68 million) plus €500 million (US$561.6 million) worth of co-investment rights.
The fund will be focused on projects in transportation, energy, telecommunications, social, renewables and water sectors. Ardian's team will invest about €400 million per deal, or more with co-investor support, with a split of 80% brownfield and 20% greenfield.
In mid February Ardian infrastructure IV reached its first close, raising about €1 billion.