New Mexico State Investment Council, Santa Fe, committed $100 million to private equity fund TA XII, managed by TA Associates, and an additional $40 million to Macquarie Asia Infrastructure Fund, managed by Macquarie Infrastructure and Real Assets.
Both commitments, made at the council's March 24 meeting, are contingent on state law, council policies and negotiations of final terms and conditions, said Charles Wollmann, spokesman for the $20.5 billion endowment.
TA XII will make buyout and growth equity investments. SIC had previous investments in TA VIII, TA IX and the first TA subordinated debt fund. SIC's private equity consultant LP Capital Advisors assisted.
SIC's commitment to the Macquarie fund is its second, bringing the total commitment to $100 million. Macquarie Infrastructure and Real Assets is raising $1.5 billion for core and core-plus infrastructure investments in some Asian markets, focusing on India, China, Korea and Australia.
Real estate consultant Townsend Group assisted.
