New Mexico SIC Commits $400M to Power, Digital Infrastructure
The New Mexico State Investment Council is doubling down on real assets, committing $400 million across energy and digital infrastructure strategies at its latest trustee meeting.
The $73 billion sovereign wealth fund allocated $300 million to LS Power Equity Partners Fund VI, a follow-on investment building on its prior commitment to Fund V. The strategy focuses on control-oriented investments across conventional power generation, renewables and distributed energy, with an emphasis on driving value through operational improvements, asset optimization and strategic financing initiatives.
The second allocation was a $100 million commitment to SDC Digital Infrastructure Opportunity Fund V, managed by SDC Capital Partners. The investment marks a new manager relationship for the pension’s real assets program. SDC, a $9 billion platform founded by Todd Aaron, specializes in build-centric digital infrastructure investments, primarily targeting North America and Western Europe.
The real assets program, launched in 2012, has grown to $4.7 billion and delivered approximately 9% annualized returns through February, according to the New Mexico State Investment Council.
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