New Mexico State Investment Council invests in two energy funds
Date
October 30, 2019
Type
Funds & Investments
Subtype
New fund announced
Countries
(USA) United States of America
Subsectors
Multisector
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The New Mexico State Investment Council has invested a total of US$205 million in two renewable energy Funds managed by Carlyle Group and Ares Management.
The council has committed about US$105 million in the Carlyle International Energy Partners II of which US$65 million is for the main fund and a US$40 million is for the co-investment managed by Carlyle Group.
The council has also invested US$100 million in the North American energy fund Ares Energy Opportunity Fund that is managed by Ares Management. The fund seeks to invest in upstream and midstream energy companies.
