IPI Partners raises $3.8 billion with second infrastructure fund
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IPI Partners, a joint venture of ICONIQ Capital and Iron Point Partners, held a final close of its second infrastructure fund, IPI Partners II, at $3.8 billion, a spokeswoman confirmed.
The fund acquires, develops, leases and operates data centers.
Investors in the fund include the $40 billion Connecticut Retirement Plans & Trust Funds, Hartford; the $24 billion Louisiana Teachers Retirement System, Baton Rouge; the $9.5 billion Rhode Island Employees Retirement System, Providence; and the $27.4 billion New Mexico State Investment Council, Santa Fe; and the $1.4 billion University of Alabama System, Tuscaloosa, Ala.
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Homegrown Albuquerque firm Aspen Avionics has joined forces with the AIRO Group, a recently formed aerospace conglomerate that’s seeking to go public on a U.S. stock exchange.
Aspen, a venture capital-backed firm that launched in 2004, merged last fall with the AIRO Group, which now unites nine diverse companies that are pooling their individual strengths in commercial and military markets for unmanned operating systems and aircraft.
The AIRO Group, in turn, announced in March that it’s exploring options for a public listing through a special purpose acquisition company, or SPAC, potentially putting AIRO Group members on a joint fast track to begin publicly selling stock as a single entity with a diverse array of operations.
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David Breach started at Vista Equity Partners in 2014 as its chief administrative officer.
He s playing a more public role as it raises money after its founder s tax-evasion settlement.
Breach s colleagues, clients, and associates detailed his rise at Vista and the challenges he faces.
After Vista Equity Partners Robert Smith admitted last October to evading taxes and agreed to pay a $140 million settlement, he set out to assure Vista s investors it was a nonissue.
New Mexico allocates $105 million to 3 alts funds
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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 Investors II, both managed by
Berkshire Residential Investments.
Berkshire Multifamily Debt III would invest 85% or more of its capital in Freddie Mac s K-Program, which was created after the global financial crisis to securitize multifamily loans traditionally held on Freddie Mac s balance sheet, according to a staff memo of the council s meeting.