New Mexico State Investment Council, Santa Fe, committed a total of up to $150 million to two funds managed by new energy infrastructure firm Sandbrook Capital Management.
The $38.5 billion endowment committed $75 million each to Sandbrook Climate Infrastructure Fund I and up to $75 million to a comingled co-investment vehicle, Sandbrook Climate Infrastructure Fund Co-Investment I-A.
The firm, formed by five partners who had formerly worked at energy infrastructure firm Riverstone, expects to invest in North American and European greenfield and brownfield core-plus to value-add energy projects in sectors including clean power generation, transmission and storage; energy use and efficiency; and low-carbon supply chains and services.
