New Mexico pension fund ups commitment to Macquarie Asia fund

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New Mexico pension fund ups commitment to Macquarie Asia fund

The New Mexico State Investment Council, USA, has raised its initial commitment to the Macquarie Asia Infrastructure Fund.

Specifically, New Mexico has provided another U$40 million up to its initial commitment of US$ 60 million, raising the total amount provided to the fund to US$100 million.

Macquarie Asia Infrastructure Fund has a target size of US$2.5 billion and had held a first close of US$1.1 billion. The fund will be managed by Macquarie Infrastructure and Real Assets (MIRA), which is specialized in infrastructure, real estate, agriculture and energy investments. According to a regulatory filing, the vehicle had earlier attracted commitments from 11 limited partners (LPs). MIRA launched the fund in early 2014 .

In early November 2014, we reported that the Macquarie Group had the fund first close. At that time MIRA also announced the final close of Macquarie Infrastructure Partners III (MIP III) after reaching its $3 billion hard cap.

Macquarie Funds Group had US$370.6 billion in assets under management as of September 30, 2014.

In early 2015 New Mexico State Investment Council also signed commitments of US$275 million to a Blackstone real estate fund and to private equity major TPG.

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