New Mexico State Investment Council, Santa Fe, committed up to $105 million to three alternative investment funds, spokesman Charles Wollmann said in an email.
On Tuesday, the council committed up to $60 million to Berkshire Multifamily Debt Fund III and $40 million to Berkshire Bridge Loan…
New Mexico State Investment Council slates $250 million for 3 funds
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New Mexico State Investment Council, Santa Fe, committed a total of up to $250 million to three alternative investment funds, said Charles Wollmann, spokesman for the $29.8 billion endowment, in an email.
The council at its Tuesday meeting committed up to $125 million to Cerberus Real Estate Debt Fund, an opportunistic real estate credit fund managed by
Cerberus Capital Management. The fund is expected to invest in private and public real estate debt in the U.S. and Europe. It has a $750 million fundraising target.
The council also committed up to $75 million to Ares European Property Enhancement Partners III, a fund managed by
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Fortistar, a privately-owned investment firm that provides capital to build, grow and manage companies that address complex sustainability challenges, announced today it joined an equity investment of up to $157 million in BayoTech, Inc., an emerging global leader in on-site hydrogen production, which was led by Newlight Partners LP. The financing round includes existing investors Cottonwood Technology Funds and the New Mexico State Investment Council under a fund managed by Sun Mountain Capital. The funds will be used to accelerate BayoTech’s strategic growth through product development, project development and infrastructure expansion.
BayoTech is an energy solutions company committed to addressing the global need for a consistent, cost-effective, low carbon supply of hydrogen. Hydrogen possesses many attributes that will drive long‐term demand as a fuel source, including its role in global decarboni
Brookfield closes second global infrastructure debt fund
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Brookfield Asset Management closed its second global infrastructure debt fund, the $2.7 billion Brookfield Infrastructure Debt II, a spokeswoman confirmed in an email. A Securities and Exchange Commission filing revealed that total capital raised includes separate accounts that invest alongside the fund.
Brookfield s latest infrastructure debt fund exceeds the $1.75 billion fundraising target and is 205% larger then its predecessor fund, Brookfield Infrastructure Debt Fund, which closed in 2018 with total capital commitments of $885 million.
The fund has already made investments including a $27 million loan for Polaris Infrastructure, a company that acquires, develops and operates renewable energy projects in Latin America, and two separate debt transactions totaling $545 million with Vivint Solar, a residential solar provider.
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