New Mexico State Investment Council (SIC) has announced US$220 million Investment for EQT Infrastructure VI fund in Mexico.

Out of the total investment, US$160 million will be placed directly into the EQT Infrastructure VI fund and the remaining US$60 million will be used for co-investment opportunities alongside the global fund. It is the sixth infrastructure fund launched by investment organization, EQT.This fund expects to generate a net internal rate of return of 11% to 15%, mainly targeting assets in the digital, energy, transportation and logistics, environmental and social infrastructure sectors. The fund has a target size of EUR20 billion (US$21.73 billion).

According to the sovereign wealth fund, up to 60% of the fund’s investments will be made in the European Union and US$100 million to Almanac Realty Securities IX.